493 results for "self assessment"
Are you on the correct tax code?
A set of letters and numbers known as the tax code instructs HMRC on how much tax you owe. You maybe overpaying if you're on the wrong code.
Tax deductions for influencers
As a new profession, you might think that there aren't tax deductions for influencers. But for HMRC, you're treated like any other self-employed worker.
9 tax deductions for DJs
Do you know exactly what you’re entitled to claim as an expense if you're self-employed? Explore nine tax deductions for DJs.
VAT exempt – TaxScouts Taxopedia
VAT exempt means that for something you don’t have to pay or charge VAT. If you're self-employed, here is when you need to care about VAT exempt services.
Basis period – TaxScouts Taxopedia
The basis period is the period on which a sole trader calculates their tax each year. You calculate income and expenses during this period.
How do IR35 changes affect me?
The IR35 changes came into force in April 2021 at the start of the new tax year. They were delayed as a result of COVID-19.
Unlimited liability
Unlimited liability means that the owner(s) of a business is personally responsible for any debts the business racks up.
LP10 letter – TaxScouts Taxopedia
An LP10 letter is a letter sent by HMRC that instructs your short-term employer or contractor not to deduct tax from your earnings.