Furnished Holiday Lettings - How Can My Property Qualify?

Furnished Holiday Lettings – How Can My Property Qualify?

Published on 20/08/2022

Profit from properties that meet the qualifying tests for furnished holiday lettings are taxed following the rental business calculation rules. Click through to learn more!

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How to Pay Employers PAYE by Direct Debit?

How to Pay Employers PAYE by Direct Debit?

Published on 13/08/2022

From 19 September 2022, you can pay Employers PAYE by Direct debit. You will need to set up the Direct debit once. Click through to learn more!

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Rent-a-room Scheme: Receipts Above Exemption Limit

Rent-a-room Scheme: Receipts Above Exemption Limit

Published on 06/08/2022

The rent-a-room scheme provides two ways to work out the tax when receipts are above the exemption limit. Click through to learn more!

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The Register of Overseas Entities - Starting Aug 2022

The Register of Overseas Entities – Starting Aug 2022

Published on 30/07/2022

The Register of Overseas Entities will come into force in the UK through the new…

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Capital Gains Tax Rules for Separating & Divorcing Couples

Capital Gains Tax Rules for Separating & Divorcing Couples

Published on 23/07/2022

The government has announced plans to change the CGT rules to give separating spouses & civil partners a longer period in which to transfer their assets.

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How to Report and Pay Capital Gains Tax

How to Report and Pay Capital Gains Tax

Published on 16/07/2022

There are different ways for individuals to report capital gains depending on whether you are resident or non-residenty and whether you are in or out of SA.

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How to meet the MTD ITSA requirements

MTD ITSA Reporting Requirements from April 2024

Published on 09/07/2022

Making Tax Digital for Income Tax will apply to relevant persons (unincorporated businesses & landlords) with business and/or property income over £10,000.

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What Happens If I Don't Pay My Tax Bill On Time?

What Happens If I Don’t Pay My Tax Bill On Time?

Published on 25/06/2022

If you cannot pay your tax bill on time, HMRC can work with you to find a way for you to pay what you owe. Click through to learn your options.

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How to Sign Up to MTD ITSA | Making Tax Digital for ITSA

Making Tax Digital for Income Tax Self Assessment – How Do I Sign up to MTD ITSA?

Published on 18/06/2022

MTD for ITSA will become mandatory from April 2024 – all businesses with annual income above £10,000 will have to follow Making Tax Digital rules.

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Setting Up a Ltd Company to Save Tax - Is it Worth it?

Setting Up a Ltd Company to Save Tax – Is it Worth it?

Published on 11/06/2022

Setting up a Ltd Company to save tax was historically seen as an easy way…

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