HMRC notices Archives

01 May 25

State Benefits – What is taxable and what is not

Not all state benefits are tax-free! Some, like the State Pension and Carer’s Allowance, are taxable, while others, like PIP and Universal Credit, are not. Knowing the difference

01 May 25

Tax treatment of income after cessation

After a business closes, income can still arise. Post-cessation receipts must be properly reported and taxed under specific rules. Knowing what qualifies — and what does not

27 Mar 25

LLP salaried members

Not all LLP members are taxed as partners. HMRC may treat them as employees if they meet certain conditions. Here's how the salaried member rules work, what the three-part test

20 Mar 25

Records you must keep if self-employed

If you are self-employed as a sole trader or a partner in a business partnership, you are required to maintain suitable business records as well as separate personal income records

27 Feb 25

How far back can HMRC assess under-declared taxes?

From income tax to VAT, HMRC has specific time limits for issuing tax assessments. Depending on the circumstances—whether it’s standard, careless, offshore, or deliberate

27 Feb 25

Treatment of post-cessation receipts and payments

When a trade ends, income doesn’t always stop. Post-cessation receipts can still arise, and knowing how they are taxed is crucial. Whether it’s Income Tax or Corporation Tax, the

06 Feb 25

How umbrella companies work

Umbrella companies offer an easy way for freelancers and contractors to get paid without running a limited company. They handle payroll and tax via PAYE, ensuring compliance and

20 Jan 25

Multas por Atraso na Declaração de Imposto

Multas por Atraso na Entrega de Declaração de Imposto: Evite Penalidades até o Prazo de 31 de Janeiro de 2025 O prazo para enviar sua declaração de auto avaliação de impostos de 2023-24 está rapidamente se aproximando—31 de janeiro de 2025. Além de enviar a declaração, você também precisa pagar…

16 Jan 25

Selling online and paying tax

Selling online? Whether it’s a hobby or a business, you may need to pay tax if your earnings exceed £1,000. From services to content creation, it’s vital to understand

28 Nov 24

Gifts of land and buildings to charities

There are special rules in place for taxpayers who make gifts of land and buildings to charity. This can include Income Tax and Capital Gains Tax (CGT) relief provided all the

HMRC notices

State Benefits – What is taxable and what is not

Tax treatment of income after cessation

LLP salaried members

Records you must keep if self-employed

How far back can HMRC assess under-declared taxes?

Treatment of post-cessation receipts and payments

How umbrella companies work

Multas por Atraso na Declaração de Imposto

Selling online and paying tax

Gifts of land and buildings to charities

Definition of R&D for tax purposes

Tax treatment of income after cessation

Tax refunds for dissolved companies

SJPR