Income Tax Archives - Page 10 of 14

07 Mar 24

Spring Budget 2024 – non-dom changes

In a move that may partly have been prompted by seeking to mirror a longstanding policy of the Labour party, the Chancellor has announced that the generous non-dom rules are to be

15 Feb 24

Checking Furnished Holiday Let property occupancy

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for tax purposes. In order to qualify as a

08 Feb 24

Record number of taxpayers file on time

HMRC has confirmed that more than 11.5 million people submitted their 2022-23 self-assessment tax returns by the 31 January deadline. This included over 778,000 taxpayers who left

08 Feb 24

Should you pay tax on selling goods online?

HMRC has published new guidance for taxpayers that regularly sell goods or services through an online marketplace. The guidance makes it clear that this activity could be treated

08 Feb 24

Using your own vehicles for work-related journeys

If you are an employee and use your own money to buy things you need for your job you can sometimes claim tax relief for the associated costs. Usually, it is only possible to claim

01 Feb 24

Penalties if you missed the filing deadline

Have you missed the 31 January 2024 filing deadline for your 2022-23 self-assessment return? If you have missed the filing deadline, then you will be charged a £100 fixed penalty

01 Feb 24

File early to have self-assessment tax coded out

The coding out threshold may entitle you to have tax underpayments collected via your tax code when you are in employment or in receipt of a company pension. Instead of paying off

01 Feb 24

Do you need to tell HMRC about additional income?

There is an online tool that allows taxpayers to check if they need to notify HMRC about additional income. The online tool can be found at

25 Jan 24

Do you need to register for self-assessment?

There are a number of reasons why you might need to complete a self-assessment tax return. This includes if you are self-employed, a company director, have an annual income over

18 Jan 24

Reminder to claim the Marriage Allowance

The marriage allowance applies to married couples and those in a civil partnership where a spouse or civil partner does not pay tax or does not pay tax above the basic rate

Income Tax

Checking Furnished Holiday Let property occupancy

Record number of taxpayers file on time

Should you pay tax on selling goods online?

Using your own vehicles for work-related journeys

Penalties if you missed the filing deadline

File early to have self-assessment tax coded out

Do you need to tell HMRC about additional income?

Do you need to register for self-assessment?

Reminder to claim the Marriage Allowance

IHT Unused Pension Funds and Death Benefits changes

IHT Agricultural and Business Property Relief changes confirmed

Capital Gains valuations of goodwill

SJPR