When you are associated with the employment status of being self-employed in the UK, you might need the SA302 form often. This form is used for SA302 tax calculation as well as to make your income evident in certain situations. Applying for a mortgage is one of the famous situations that makes people need to […]
How to Get Your SA302 from HMRC if you are Applying for Mortgage? Read More »
If you need to file a self-assessment tax return for 2021/22, you must do this online by 31 January 2023 if you want to avoid a late filing penalty. However, if you received your notice to file a tax return after 31 October 2022, a later deadline applies; you must file the return within three
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If you receive rental income from properties that you let out, you will need to tell HMRC about it on the property pages of your self-assessment tax return. The exception to this is where you let a furnished room or rooms in your home and the income that you receive is below the rent-a-room limit
Completing the Property Pages of the Self-Assessment Tax Return Read More »
A lot of time and paperwork can be saved by claiming expenses using the simplified rates, rather than recording and deducting actual costs. However, if the deduction is considerably higher using actual costs, the additional time investment may be worthwhile. Given current high cost of fuel, where mileage is high, a deduction based on actual
Use Simplified Expenses to Save Work Read More »
Expenses and benefits returns P11D and P11D(b) for 2020/21 need to be filed by 6 July 2021. Meeting this deadline is important as penalties may be charged for returns that are filed late. Form P11D A form P11D must be filed for every employee who has been provided with taxable benefits and/or expenses in the
Expenses and benefit returns for 2020/21 Read More »
