October Deadline Looming

October Deadline Looming

Your HMRC paper tax return must be submitted by 31 October. If even you don’t have any tax to pay, there will be penalties, if you send the form after this date. You can fill in your tax return and submit before 31 October, without waiting for the deadline. You...
Claiming Tax Relief if You Worked from Home

Claiming Tax Relief if You Worked from Home

Employees who have worked from home during the pandemic but are now returning to offices can still claim tax relief on household expenses for this tax year, according to HMRC. Eligible workers can claim the full year’s entitlement, worth up to £125 per year in the...
New self-employment grants announced

New self-employment grants announced

The UK Government has announced that the Self-Employment Income Support Scheme (SEISS) will continue until September 2021 with a fourth and fifth self-employment grant. Eligible customers will be contacted in mid-April to tell them how they can claim. These grants are...
IR35: Arriving in April 2021

IR35: Arriving in April 2021

According to Wikipedia, IR35 refers to the United Kingdom’s anti-avoidance tax legislation designed to tax ‘disguised’ employment at a rate similar to employment. In this context, “disguised employees” means workers who receive payments...
Self-assessment deadline looming…

Self-assessment deadline looming…

As the deadline for submitting the self-assessment return is approaching, here is our list of things which are often forgotten, misreported or miscalculated on the tax self-assessment forms. Register on time You have to register with HMRC for self-assessment for a...