Tax

With ever-changing tax rules, it’s easy to get it wrong, miscalculating your tax liabilities or omitting to file a return at all. If you realise you’ve made a mistake, what should you do?

Knowing when you need to complete a tax return is your responsibility. Read our blog to find out who needs to file a return, how to register for Self Assessment and what to do if you no longer need to file a tax return.

We discuss HMRC 'nudge letters' and disclosure of offshore income and gains in light of the proposed new rules.

We discuss what payments on account are, how they’re calculated and what you need to bear in mind when estimating your tax liability.

We discuss how the 31 July Payment on Account may have potential to be reduced.

Giles Kerkham discusses the reclassification of further education colleges into the central government sector which has brought about significant changes, particularly in financial controls and governance.

We explain Multiple Dwellings Relief (MDR) and highlight what to look out for.

If you’ve recently moved to or from the UK, have you considered how this will affect your tax position?

We highlight an often overlooked VAT issue which is particularly relevant to property development, or for any business that changes its intended use of an asset from a taxable sale to exempt.

Recent changes to the annual allowance are resulting in landlords paying more capital gains tax when selling a buy-to-let property. We discuss the changes and the reporting deadline which could result in penalties if missed.

If you receive a letter from HMRC stating you may have received overseas income or gains which are taxable in the UK, what should you do? We highlight some common errors on tax returns.

If you have income from overseas, you likely have to disclose this to HMRC, even if you don’t bring it into the UK. HMRC are sending nudge letters to individuals who have offshore income they haven’t reported as they may need to pay UK tax.