A quick reminder about tax deadlines for individuals and partnerships. Self Employed and Partners You must register with HMRC within 3 months of the end of the month during which you started trading. For instance, if you start to trade on 13th August 2013 then you have until 30th November 2013 to inform HMRC. If … Continue reading Tax Deadlines – Self Assessment Advice →

If you receive income from abroad, or have assets abroad, then your liability to UK tax can be complex. However, if you are resident in the UK during a tax year then, subject to any double taxation relief that may be available, you will be liable to UK tax on all of your income or … Continue reading Foreign Income What You Need To Know About Tax →

If you have income above £50,000 per annum and received Child Benefit beyond January 2013 then you must register for Self Assessment prior to October 5 2013 in order to avoid High Income Child Benefit Charge penalties. If you have a partner and either of you exceeded £50,000 then the liability to register for self … Continue reading Child Benefit: Avoiding High Income Child Benefit Charge penalties. →

If you are provided with a car by your employer then you will be taxed on the benefit that arises. If fuel is provided for private purposes then an additional benefit arises. It is difficult to envisage a fuel benefit not arising if the company pays for any fuel. However, one way to avoid the … Continue reading Advisory Fuel Rates for Company Cars →

You may be liable to this new tax charge if you, or your partner, have an individual income of more than £50,000 and one of you gets Child Benefit or contributions towards the upkeep of a child. Want to opt out of child benefit to avoid the High Income Child Benefit Charge in 2013/14? From … Continue reading High Income Child Benefit Charge →