You searched for self assessment – Page 7 of 11

Free online invoicing made easy with TaxScouts

Creating, personalising and sending invoices just got easier. With our invoice software, track your payments, get paid faster and never lose an invoice.

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.

The most important HMRC contact numbers

HMRC has over 130 phone lines, but most of them are not relevant for everyday taxpayers. This list has only the most important contact numbers instead.

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 2016/2017

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 2016/2017.

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 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.

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.

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.

How common is celebrity tax evasion?

Celebrity tax evasion is a phrase that's pretty common. But you’d think that they would be able to pay their taxes without any issues, right?

What are the UK tax year dates and filing deadlines?

The tax year in the UK begins and ends in April for individuals. You will then have 7 to 10 months to complete your tax return.

The low-down on Income Tax in the UK for foreigners

If you’re planning on moving to the UK, listen up because we’re giving you the low-down on Income Tax in the UK for foreigners.

UK payslip – Page 7 of 11 – TaxScouts Taxopedia

A payslip is a note that your employer gives you when you've been paid. Here's what you can find on them and why they're important.

P45 – Page 7 of 11 – TaxScouts Taxopedia

A P45 is a form that your employer has to give you when you're leaving your job. You'll need one if you're starting a new job or filing a Self Assessment.

UK income tax rates for tax year 2022/2023

Your earnings below £12,570 were tax free. This is called the Personal Allowance. Read more about the 2022/23 Income Tax rates here.

UK income tax rates for tax year 2021/2022

Your earnings below £12,570 were tax free. This is called the Personal Allowance. Read more about the 2021/22 Income Tax rates here.

Gift Aid – TaxScouts Taxopedia

Gift Aid is a tax incentive that allows charities to claim back Income Tax (at the basic rate) on donations made through the scheme.

UK income tax rates for tax year 2019/2020

For tax year 2019/2020 the UK basic income tax rate was 20%. This increases to 40% for your earnings above £50,000.

Do you need to keep receipts for tax purposes?

If you're self-employed, you know its important to keep track of invoices for tax purposes, but do you also need to retain receipts?

What is £150,000 after tax?

You might be shocked at how much money is left over after taxes when you make more than £100,000, you enter a 60% tax trap.

Income tax rates in the UK

The income tax rates in the UK depend on how much you earn per year. The basic rate is 20%, and increases to 40% and then to 45%.

What can I expense as a freelance graphic designer?

As a freelance graphic designer, and a sole trader in general, you’re can reduce your overall tax bill by deducting your business expenses.

Pro rata – Page 7 of 11 – TaxScouts Taxopedia

Simply put, pro-rata is a Latin term which means proportional. Think pie charts. It’s commonly used when talking about part-time work.

Capital Allowances – TaxScouts Taxopedia

Capital allowances can be used to claim tax relief on things that have been bought for business use e.g. equipment, vehicles, and R&D costs.

Welsh rates of Income Tax – TaxScouts Taxopedia

Since 6th April 2019, Welsh rates of Income Tax have been determined by the Welsh government instead of England’s. Here are the details.

Subcontractor – TaxScouts Taxopedia

A subcontractor is a person or a business who is hired by a contractor to work on individual jobs that form a larger project.

SA302 – Page 7 of 11 – TaxScouts Taxopedia

The SA302 is a form that shows how much money you earned in the past 4 years. If you're self-employed, you need it when getting a mortgage.

What is a net profitability formula?

Net profit formula calculates a business’s total earnings after deducting all expenses and is used to indicate a company’s profitability.

When is corporation tax due?

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

Umbrella company – TaxScouts Taxopedia

An umbrella company is a business that can act as an employer to contractors, freelancers, and self-employed workers.

Free accounting software to automate your finances - TaxScouts

Get a full 360° accounting overview of your money so you can be more efficient and ready for tax season.

Side gig

A side gig is a job that you do alongside your normal employment. And they're becoming increasingly popular with workers in the UK.

SA100 – Page 7 of 11 – TaxScouts Taxopedia

The SA100 is the main Self Assessment tax return form. Usually, depending on why you need to file a tax return, you need to attach another form to it.

Up to 1 million freelancers will be overcharged tax in 2021 – could it be you?

You may have read our piece in the FT about the one million freelancers who could face being overcharged on their tax bills next year.

Get simple, one-off Tax Advice from an accredited accountant - TaxScouts

Got a tax-based problem? We can help. Get professional support & advice with any tax situation you're struggling with.

What are the Making Tax Digital penalties?

Wondering what the making tax digital penalties are? If you’ve missed the deadline and want to know what fines you face, here’s a rundown.

The tax guide to sell on Etsy

Here's everything you need to know about your Etsy shop and tax. Who has to pay tax, what you should pay, and how much you may owe.

How to check if HMRC has received your tax return

Find your HMRC submission receipt and learn how to check the status of your tax return. Also check if HMRC has received it.

Read more about our privacy policy – TaxScouts

We take your privacy seriously. Read our policies in relation to your data and privacy. And let us know at any time if you have questions about them.

Guides and useful information for doing your taxes – TaxScouts

If you're looking for help or more information on doing and understanding your personal taxes, check out our helpful guides, FAQs and calculators.

What was the Government Gateway and how do I login now?

Government Gateway was used to register for UK government’s online services, but it was shutdown in March 2019. Check these alternatives.

Terms of service

If you're a TaxScouts customer, here are our Terms of Service. We only use your data to do your Self Assessment – we never sell it to a third party.

What are some teacher tax deductions?

So, what even are teacher tax deductions? If you’re a taxpaying teacher that works in the UK, you might be entitled to claim some expenses.

P11D – Page 7 of 11 – TaxScouts Taxopedia

A P11D is a form that tells HMRC if you received benefits from your employer, outside of your salary. You need it if you file a Self Assessment tax return.

How does the private pension tax relief work?

Are you looking for information on the private pension tax relief? Our short and easy to read guide has all the information you need.

Our cookie policy – TaxScouts

More information on how we may use cookies on taxscouts.com

TaxScouts: Free bookkeeping tools for you

With our free bookkeeping tools, keeping track of your finances just got a whole lot easier. Welcome to the world of free bookkeeping.

Tax guide to buying crypto (UK)

If you’re thinking about buying crypto, before you dabble in the world of digital currency, here's your tax guide to buying crypto in the UK!

Employee – Page 7 of 11 – TaxScouts Taxopedia

An employee is someone who works under an employment contract. Usually your employer pays your taxes, but you may need to file a tax return.

Late payment penalty – Page 7 of 11 – TaxScouts Taxopedia

A late payment penalty is a fee charged by HMRC if you pay your tax bill late. You also have to pay interest if you pay your tax bill late.

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Tax guides and articles

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