You searched for self assessment – Page 6 of 11

Enterprise Incentive Scheme (EIS) – TaxScouts Taxopedia

The Enterprise Incentive Scheme (EIS) lets you save tax by investing in startups. You can claim 30% from HMRC and sell the shares tax-free.

Corporation tax calculator

...companies and their tax implications. How to apply for small business rate relief Allowable expenses for limited company directors Do I need to file a director Self Assessment tax return?...

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.

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.

What’s the hold-over relief on gifts?

If your business holds something of value such as cash or raw materials, you may be able to claim the hold-over relief if you gift it.

BACs payment – Page 6 of 11 – TaxScouts Taxopedia

BACs is an electronic system that is used to make payments. There are two main types of BACS payment: Direct Debit and Direct Credit.

The SA108 form: how to use it to file your Capital Gains Tax

You must submit the SA108 to HMRC in order to pay capital gains tax. If you've sold any assets, securities, or crypto, you must use it.

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!

What are the dividend tax rates in the UK?

If you receive dividends from an investment or you're a company director and you pay them to yourself, you pay tax separately on this income.

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.

Real Time Capital Gains Tax Service – TaxScouts Taxopedia

The Real Time Capital Gains Tax Service is one of the two ways which you can pay your CGT bill. Starting in April 2020, it's mandatory for property sales.

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 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.

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.

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.

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.

Are content creators evading taxes?

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

Do I need to pay Capital Gains Tax on gifted property?

Capital gains tax on gifted property usually applies if the property has increased in value since you bought it. There are a few exceptions.

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.

Cryptocurrency – TaxScouts Taxopedia

Cryptocurrency (“crypto”) is a form of money that only exists on the Internet. How you pay tax on your crypto profits depends on how you got them.

SA102 – Page 6 of 11 – TaxScouts Taxopedia

The SA102 is a form that you can attach to your main SA100 Self Assessment tax return form, if you need to tell HMRC more about your employment income.

SA108 – Page 6 of 11 – TaxScouts Taxopedia

The SA108 is a form that you have to fill in and attach to your main SA100 Self Assessment tax return if you need to pay Capital Gains Tax.

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.

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.

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.

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.

Capital Gains Tax (CGT) – TaxScouts Taxopedia

Capital Gains Tax (CGT) is the tax you pay when you sell an asset (a property, shares, cryptocurrencies, etc.) for a profit.

Resident landlord – Page 6 of 11 – TaxScouts Taxopedia

A resident landlord is someone that rents out part of their home while also living there. You only need to do a tax return if you earn over £7,500 from it.

3 ways the mortgage tax relief changes impact you

The 2020 mortgage interest tax relief rules meant landlords had to pay more tax on buy-to-let income. Here are 3 calculation examples.

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.

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.

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.

Ethereum – TaxScouts Taxopedia

Ethereum is one of the most popular types of blockchain software, powered by a crypto called ether. If you earned ethers, you might owe tax.

UK income tax rates for tax year 2018/2019

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 2018/2019.

Pension

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

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...

The Property Income Allowance: worth claiming?

As a landlord, you can get up to £1,000 rental income tax-free every year. Check if you could be claiming more.

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.

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.

UK income tax rates for tax year 2023/2024

Your earnings below £12,570 were tax free. This is called the Personal Allowance. Read more about the 2023/24 Income Tax rates here.

When is corporation tax due?

Understanding when corporation tax is due is important if you want to stay compliant and avoid any HMRC penalties.

Pay wars – magic circle salaries and what it means for tax

If someone told you that you could get a job post-graduation that’d give you a £100k+ a year salary, would you know the tax implications?

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%.

Limited company pension contributions explained

Limited company pension contributions are payments your business makes into your pension as an allowable expense.

Exotic dancer tax deductions

As a self-employed exotic dancer, the tax deductions that you can claim may vary. You are in charge of declaring your income 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.

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.

What are the different VAT schemes?

There are different VAT schemes available: flat rate, cash accounting, margin, and retail schemes, each designed to simplify VAT management!

UK income tax rates for tax year 2017/2018

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 2018/2019.

We sort your Self Assessment for you. £169 £134, all in.

Tax guides and articles

We sort your Self Assessment for you. £169 £134, all in.

Looking for tax help?