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Real talk: how is TaxScouts so low-cost?

If you know anything about TaxScouts, you’ll probably be aware that our £119 flat fee is tantalisingly well-priced.

At the moment, there’s no such thing as Influencer Tax. There are, however, tax responsibilities attached to being an online influencer.

How to claim your EIS tax relief?

EIS is a UK government incentive designed to stimulate startup investment. Here's how you claim EIS and save up to 30% on your tax payment.

2 landlords, 1 property: how it works

Want to buy a buy-to-let property? In most cases, this means that you’ll have to file a tax return on the income that you get from renting.

3 hacks to get the most out of TaxScouts

3 ways to maximise your TaxScouts account. Get money off the services you use by referring friends and family! Click here to find out how.

Do I need to pay Capital Gains Tax if I gift property?

If you gift a property which appreciated in value after purchasing it, you have to pay capital gains tax. These few things are exceptions.

How to pay tax on dividends

Paying tax on dividends all depends on how much you received in dividends this tax year. You don't always need to file a tax return.

How does the Mileage Allowance work?

The mileage allowance is a simple tax-free allowance that self-employed people can claim for using their own car for business.

UTR number? – TaxScouts Taxopedia

A UTR number (Unique Taxpayer Reference number) is a ten digit code that HMRC uses to keep track of taxpayers who need to file tax return.

Charitable donations – TaxScouts Taxopedia

Charitable donations are money that you give to charities. They are tax-free in the UK, so if you have made a donation, you can claim tax relief on it.

How to recover your HMRC login user ID

Losing your User ID can prevent you from logging in to HMRC Online and submitting your tax return. See how you can quickly recover it.

Do I pay tax on money invested in Nutmeg?

So, do you pay tax on money invested in Nutmeg? Well that depends - it’s a little bit more complicated than a straight yes or no answer.

What are Dividend – Page 6 of 11? – TaxScouts Personal Tax Glossary

A dividend is a sum of money that you might receive if you own shares in a profitable limited company. Only limited companies can pay them.

How to pay rental income tax from jointly owned property

Paying rental income tax from jointly owned property can be confusing, no matter your marital status. Let's break it down.

I can’t afford my tax bill

If you can’t afford your tax bill, don’t worry. There is support available. The first and most important thing to do, is to notify HMRC.

The sole trader’s boulevard of boring necessities

What does it mean, you ask? Aside from being fierce wordplay, it’s the fundamental business necessities that sole traders often overlook.

What should you do about the High Income Child Benefit Charge?

If you or your spouse earn over £50,000 and claim child benefit, you might need to pay the high income child benefit charge. This is how.

Why is HMRC coming for second-hand sellers?

Calling all second-hand sellers! From Monday 1st January 2024, digital platforms will be collecting information on their sellers for HMRC.

Married Couples' Allowance – Page 6 of 11 – TaxScouts Tax Glossary

The Married Couple’s Allowance is a UK government tax relief for couples where one spouses or civil partner is born before 6 April 1935.

What were the Capital Gains Tax changes in 2020?

If you sold a residential house or flat in the UK after April 2020, you might not know recent Capital Gains Tax (CGT) changes made by HMRC.

Foreign Tax Credit Relief – TaxScouts Taxopedia

If you've paid foreign tax on income normally taxed in the UK, you may be able to claim the foreign tax credit relief. Find out more here.

What is the Form 64-8? – TaxScouts Taxopedia

You can use form 64-8 to enable your accountant to act on your behalf and deal with HMRC directly, as well as file your tax return for you.

When is the tax deadline for expats?

Do you live abroad as an expat? The tax deadline to file and pay your tax return on UK income is 31st January - and it's important to know!

The General Election: Labour with the win

Labour wins the General Election, so what do the new changes have in store for you? Let's get into all the important details.

Small business tax: what do you have to pay HMRC?

Running a small business in the UK comes with its fair share of challenges and small business tax is just one. So, what do you need to know?

What tax do you pay on savings interest?

Did you know that in some cases you'll have to pay tax on interest from savings? Find out more about the threshold and tax rates here.

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Get your self assessment prepared for you online by certified accountants for £169

How to claim tax back on your van

In the trades services industry, a lot of people ask, ‘Can I claim a van on my tax return?” This is really a question about expenses.

What is CSP tax?

CSP tax refers to how tax works as a member of the Chartered Society of Physiotherapy, depending on whether you're self-employed or employed.

Can forex trading (UK) be a full-time job?

If you've just started forex trading (in United Kingdom), you probably want to know whether this can become a full-time job. Find out here!

3 ways the mortgage tax relief changes impact you

The new mortgage interest tax relief rules mean landlords have to pay more tax on buy-to-let income. Here are 3 calculations so you know what to expect.

Tax return toolkit – Page 6 of 11 – TaxScouts

From tax calculators to expenses spreadsheet templates to top tips and more! We’ll get you on track to sort your 2023/24 tax return.

Student loan deductions – TaxScouts Taxopedia

Student loan deductions are repayments of your student loan that your employer collects automatically from your salary and sends to HMRC.

Are there different ways to pay a tax return?

There indeed multiple ways that you can pay your tax bill. Bank transfer, direct debit, cheque, from your PAYE salary and more.

How to calculate the self-employed break-even formula

The break-even formula is used to calculate the point at which a business' profits are equal to its costs.

Self-employed and need an invoice generator?

An invoice generator is a program or software that can create an invoice for you. Now, you barely have to lift a finger!

I’ve not done a tax return for 20 years

First and foremost, don’t panic. If you’ve not done a tax return for a long time, whether that’s three years, five years or more, all is not lost.

UK income tax rates for tax year 2020/2021

The basic income tax rate in the UK was 20% during the 2020–21 tax year. When you make more than £50,000, this percentage rises to 40%.

Pension

A pension is a tax-efficient way of saving for when you retire from work. There are different types available, dependent on circumstances.

Can I expense my mortgage?

If you work from home, you won’t be able to expense your mortgage because you’re already entitled to the simplified allowance.

Bye-bye High Income Child Benefit tax charge

Have you been caught out before by the High Income Child Benefit tax charge? Well, we've got good news! Things are about to change!

Can I expense my bed and pillows?

For any of us that needs to do a tax return, you’ll know that one of the important parts of the process is claiming back your business expenses.

Accountant – Page 6 of 11 – TaxScouts Taxopedia

An accountant is someone who helps businesses and individuals to stay on top of their financial affairs. There’s a wide range of practices.

File your Tax Returns Online - Easy to use Platform - TaxScouts

Get matched with an accredited accountant to sort your UK tax returns. Simple, fast, all online. File your self assessment today.

Is TaxScouts legit?

There are so many online scams that our well-priced tax return service might seem too good to be true. But it’s not. But it's not...

Link your bank account with free bookkeeping software- TaxScouts

Connect your bank account and pull your business spending directly. Spend less time on admin and more time making your money sparkle.

Crypto tax calculator

Interested in cryptocurrency? Want to know how much crypto tax you may have to pay? Well have a quick try of our crypto tax calculator here!

Credit record – Page 6 of 11 – TaxScouts Taxopedia

Your credit record, also known as your credit score or rating, is a number that banks use to figure out if a potential borrower is reliable.

Company director – TaxScouts Taxopedia

A company director is a registered director of a limited company. As director, you have to register with Companies House to occupy the role.

UK income tax rates for tax year 2015/2016

The UK income tax rates are revised each year as part of the UK budget. Find out what the income tax rates were for the tax year 2015/2016.

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Tax guides and articles

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