self-assessment forecastHer Majesty's Revenue and Customs (HMRC) has the ambitious target of making tax digital for all its customers and collecting tax in a more efficient, effective and accurate manner for both the government and UK taxpayers. Self-assessment tax returns, the biggest key ...
Selling a few items can transform into something much more, and if your income is above the trading allowance, tax will be due. Many aren’t aware they would owe this, or how to go about paying it. Solving the puzzle of the Self Assessment without any prior knowledge or experience isn...
Completing your Self Assessment can be daunting. Read this guide on submitting a tax return for sole traders or self-employed and learn all you need to know.
If you’d rather do anything than plod through your self-assessment forms or want to make sure your business tax demands don’t leave you open to penalties, you’re in exactly the right place. What you get when you come to Virtual Tax UK A thorough understanding of what is required so ...
Self-assessment tax returns – preparation and advice Offshore tax planning for non-UK domiciled individuals Non-residency issues Capital gains tax planning, including advising on tax-efficient exits from companies and investments Tax-efficient remuneration and income tax planning ...
Easily complete your tutors Self Assessment tax return with GoSimpleTax. Track and claim relevant expenses such as equipment, textbooks and professional fees. With our reliable and accurate calculations, you can file your tax return with confidence
The threshold for having to file a self-assessment tax return for trading income will be lifted from £1,000 to £3,000 by the next election, set for 2029. This will include people with side hustles selling vintage clothes on websites such as Vinted and eBay, se...
Report your crypto gains or losses to HMRC through a Self Assessment tax return: Register: Sign up for Self Assessment on the HMRC website if you’re not already registered. Complete: Fill in the Capital Gains Summary pages, reporting all gains or losses, including cryptoassets. Submit: Submi...
Free webinar: Get organised for Self Assessment Need support with your tax return? Join this free, on-demand webinar to learn about key dates, rules, and penalties, how to avoid common mistakes and get prepared, how to choose the right accountant, and more. Learn more ...
In a speech on 11 March, Exchequer Secretary James Murray announced a number of new tax measures and initiatives. Alongside a number of changes relating to PAYE and self-assessment (including an increase in the trading income threshold for completing a self-assessment return, and the launch of ...