Submitting yourtax returnearly means you can avoid having to compile your accounts in a panic with a deadline looming. It will also help for better financial management and business planning. If you have more time to consider yourallowable expenses, you could bring your overall tax bill down. ...
Millions of taxpayers filed their Self Assessment tax return for the 2023 to 2024 tax year by the deadline. Download the HMRC app 31 January 2025— Guidance How to download and access the HMRC app on a mobile device to get information about your tax, National Insurance, tax credits and ...
The Greens have pledged 24 billion pounds a year to insulate homes and 40 billion pounds a year invested in the green economy, to be paid for by a carbon tax, a new wealth tax on the very rich and an income tax hike for millions of higher earners. ▶ Read more about the main ...
From 1 April, drivers of electric cars in the UK will need to pay road tax for the first time. However, drivers could still get one more year of free tax and make a saving of around £195 if they take action before the changes come into place. All they need to do is renew their...
Income tax relief: How you can reduce your tax by claiming on business expenses As a sole trader or freelancer, it’s crucial to understand your basic allowable expenses—even if you’re paying an accountant to help with yourtax return. ...
Or 100% of income, whichever is lower. [] Tweet You might also like Reduction of basic income tax rate from 22% to 20% Stamp duty on UK property UK dividend tax explained UK tax deadline: how to make use of all your tax allowances ...
If you miss the deadline, it is likely you will have to pay a penalty. If you have never submitted a self-assessment tax return before and need to do so for the first time, you’ll need to inform HM Revenue & Customs (HMRC) by 5 October following the end of the applicable tax ...
Transport Secretary Heidi Alexander said the government was "minded to approve" the airport's plans but the deadline for a decision had now been pushed back until the end of October. It is understood that the main stumbling blocks facing Gatwick's proposals are related to the environment, spec...
Contracting through a limited company is generally the most tax efficient way of operating. You pay yourself a salary (which is usually at the basic rate tax band) and the remainder of your income is drawn in the form of dividends. Find out how to set up
You must complete a SA109, which is a supplementary tax form that confirms your residence and domicile status. You submit it with your Self Assessment tax return SA100. You could download, fill out, print and send both by post to HMRC from overseas before the paper-filing deadline. Howev...