Self Assessment

BIZORB'S PICK Business Tax: A beginner’s guide

Business Tax: A beginner’s guide

Business Tax: A beginner’s guide 4.00/5 (80.00%) 2 votes
Sunday 14th July 2019

Understanding the basics of UK Business Tax is a must for anyone starting out on their own – whether you are doing some self-employed freelance work, setting up as sole trader or registering a limited company. This guide will help ... Read More »

Introduction To Expenses And Benefits For Employers

Introduction To Expenses And Benefits For Employers 5.00/5 (100.00%) 1 vote
Sunday 14th July 2019
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Overview If you’re an employer and provide expenses or benefits to employees or directors, you might need to tell HMRC and pay tax and National Insurance on them. Examples of expenses and benefits include: Company cars Health insurance Travel and entertainment expenses Childcare There are different rules for what you have to report and pay ... Read More »

Understanding Your Self Assessment Statement

Understanding Your Self Assessment Statement 3.00/5 (60.00%) 1 vote
Sunday 14th July 2019
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Self Assessment statements Your Self Assessment statement tells you: What tax you’ve paid – including the payments on account you’ve made What tax is due – including any payments on account for the next tax year Other things like penalties and interest You’re usually sent a statement: After you’ve sent in your tax return Following ... Read More »

If You Can’t Pay Your Tax Bill On Time

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Sunday 14th July 2019
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Overview If you can’t pay all your tax on time, contact HM Revenue & Customs (HMRC) as soon as possible. You may be able to either: Get more time to pay Pay your bill in instalments If you don’t contact HMRC, you’ll get charged penalties and interest, making your tax bill bigger Your payment isn’t ... Read More »

How To Send Your Self Assessment Tax Return Online

How To Send Your Self Assessment Tax Return Online 4.00/5 (80.00%) 1 vote
Sunday 14th July 2019
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Overview The deadline to send your self assessment tax return online is 31 January. To send your Self Assessment tax return online, you can either: Use HM Revenue & Customs (HMRC’s) free Self Assessment Online service Buy commercially available software What you need You must have both: A 10-digit unique taxpayer reference – you get ... Read More »

Blind Person’s Allowance

Blind Person’s Allowance 3.00/5 (60.00%) 1 vote
Sunday 14th July 2019
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Overview Blind Person’s Allowance means you can get an extra amount of income tax-free each year. For the tax year 2013 to 2014, the allowance is £2,160. What you’ll get For the 2013 to 2014 tax year, you get £2,160 added to your Personal Allowance – this is the amount of income you can get ... Read More »

Tips At Work

Tips At Work 3.00/5 (60.00%) 1 vote
Sunday 14th July 2019
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Overview If you get tips at work, they don’t count towards the National Minimum Wage, but you do have to pay tax on them. How tips are paid You could get your tips as: Cash at the end of a shift or from a customer Part of your pay packet An amount that’s pooled and ... Read More »

Keeping Your Pay And Tax Records

Keeping Your Pay And Tax Records 3.00/5 (60.00%) 1 vote
Sunday 14th July 2019
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Overview You need to keep records if you have to send HM Revenue & Customs (HMRC) a Self Assessment tax return. You’ll need your records to fill in your tax return correctly. If HMRC checks your tax return, they may ask for the documents. How to keep your records There are no rules on how you ... Read More »