by Ruth Clark | Feb 10, 2025 | Tax
A significant tax change is coming for 4.2 million self-assessment taxpayers, affecting how you share your income figures with HMRC – yet many people are unprepared for the new rules. Ready or not, the way we manage taxes in the UK is changing, and Making Tax...
by Ruth Clark | Feb 5, 2025 | Uncategorised
A change in the way HMRC is calculating when tax is due to be paid on profits arising for the self-employed or members of a Limited Liability Partnership (LLP) mean they could be facing higher bills in January than they are expecting. The new Basis Period Reform,...
by Ruth Clark | Jan 29, 2025 | HMRC
Stamp Duty Land Tax (SDLT) is the tax payable on most property purchases within the UK, and the figures for who needs to pay what are set out very clearly by HMRC. But there are times when specific allowances can be made that reduce the amount of SDLT due, and...
by Ruth Clark | Jan 22, 2025 | HMRC, Tax
HMRC is warning people who are filing Self-Assessment returns to be on the look out for fraudsters, after customers referred nearly 150,000 frauds to the taxman in the last year. As the January 31, 2025, deadline looms, the scammers are targeting people with tax...
by Ruth Clark | Jan 15, 2025 | HMRC, Tax
Most of us have heard about the Self-Assessment tax regime, especially those who are self-employed or who need to declare income outside of their main PAYE job. But some people will have received Simple Assessment letters from HMRC, and they may need to pay a tax bill...
