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Will You Have To Pay The SDLT Surcharge?
If you already own at least one property and you buy a residential property in England or Northern Ireland, you may have…
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Capital Allowances And Furnished Holiday Lettings
When it comes to let properties, furnished holiday lettings (FHL) are a special case and benefit from a number of concessions not…
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Reporting And Paying Tax On UK Residential Property Gains
Where a chargeable gain arises in respect of a UK residential property, since April 2020, the gain must be reported to HMRC…
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Do I Need To Top Up My Pension?
A full single tier state pension is payable to people who have 35 qualifying years. Individuals who have less than 35 qualifying…
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Overlap Profits – What Are They And When Is Relief Given?
Under the current rules for determining which profits of an unincorporated business are taxed in a particular tax year, some profits may…
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Income From Savings – What Is Tax-Free
Not all types of income are equal from a tax perspective, and savings income enjoys dedicated allowances, tax rates and reliefs which…
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Struggling To Pay Tax – What Should You Do?
The January self-assessment payment deadline is not well timed, falling as it does in a month when people may be already struggling…
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Payments On Account – Who Needs To Pay And How Are They Calculated?
The self-assessment tax return for 2020/21 must be filed online by midnight on 31 January 2022 if a late filing penalty is…
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‘Dynamic’ PAYE Tax Coding
Under the PAYE ‘Real Time Information’ scheme employers report to HMRC electronically before making any salary or wage payments. To ensure that…
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The Future For Tax Payments
The government receives its tax money on different dates depending upon the type of tax charged. Taxpayers taxed under PAYE usually pay…
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