SA302 Tax Calculations: What They Are and When You Need One If you’re self-employed and applying for a mortgage or loan, the lenders will often ask for SA302 tax calculations. But what exactly is it, and how do you get one? Here’s everything you need to know. What are SA302 Tax Calculations? SA302 calculations are produced […]
Category Archives: Tax
03
Oct
Oct
Tax Year Overviews: What They Are and Why You Might Need One If you’re applying for a mortgage, loan, or other type of finance, the lender will often ask for proof of your income. Many self-employed people assume their tax return is enough — but lenders usually want a Tax Year Overview (TYO) as well. […]
24
Sep
Sep
Making Tax Digital is coming – get ready now From April 2026, Making Tax Digital (MTD) for Income Tax will transform how self-employed individuals and landlords manage their tax. In fact, it’s the biggest change to Income Tax since HMRC launched Self Assessment more than 30 years ago. Who’s affected: Firstly from April 2026: Sole […]
19
Sep
Sep
Starting a limited company is exciting — but the accounting rules in the first year can catch new directors by surprise. One of the most common issues is that you may need to file 2 Corporation Tax returns in the first year. Here’s why it happens and what you need to do. Why 2 Corporation […]
25
Apr
Apr
Filing a Self-Assessment tax return can be stressful, and many people choose to hire an accountant to ensure accuracy and compliance. But how much do Accountants charge for Self-Assessment in the UK? Fees vary depending on several factors, including the complexity of your tax return and the accountant’s experience. How much do Accountants charge for […]
If you sell on Vinted, you may have been asked to provide certain information. But why does Vinted Want your National Insurance Number, and is it required? Compliance with UK Tax Regulations Online marketplaces like Vinted must comply with UK tax laws, including rules introduced under the EU’s Digital Platforms Directive. This means they must […]
Receiving money into your bank account can sometimes raise questions about tax obligations. For instance, Do you need to pay tax if someone transfers money into your bank account? The answer depends on where the money comes from and why you are receiving it. Do you need to pay tax if someone transfers money into […]
27
Mar
Mar
Spring Statement 2025: Key Takeaways Chancellor Rachel Reeves delivered the Spring Statement 2025 on March the 26th 2025, outlining major fiscal policies aimed at addressing economic challenges. The statement introduced measures impacting welfare, taxation, defence, and infrastructure. Economic Growth and Inflation Outlook in the Spring Statement 2025 The Office for Budget Responsibility (OBR) projects economic […]
Many people in the UK sell personal items online or at car boot sales. And some have started asking ‘do I have to pay tax on selling personal items?’ The answer depends on what you’re selling and how often. Do I Have to Pay Tax on Selling Personal Items for Less Than I Paid? If […]
11
Mar
Mar
To ensure you know how to prepare for the New Tax Year 2025 here are a few things to consider Review Your Financial Situation Now is a great time to look over your finances and see if there are any tax-saving opportunities or adjustments you can make before the new tax year begins. If you’re […]