25 Nov 2025
Do you have an unclaimed Child Trust Fund?
A press release recently published by HMRC revealed that 758,000 young people between the ages of...
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The normal filing deadline for the 2024/25 Self Assessment tax return is 31 January 2026. However,...
17 Nov 2025
What counts as a ‘reasonable excuse’?
A taxpayer may have grounds for appealing a penalty if they have a reasonable excuse for missing a...
22 Sep 2025
Taxation of savings income in 2025/26
There are various ways to enjoy savings income without paying tax on it. In addition to the...
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced progressively from 6...
7 Aug 2025
Extension to MTD for ITSA
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced progressively from 6...
10 benefits of filing your 2024/25 tax return early As the 2024/25 tax year has now come to an end,...
Tax deadlines, whether for self-assessment, VAT, PAYE, or Corporation Tax, can create significant...
1 Jul 2025
Payments on Account - due soon!
The deadline by which to pay your second payment on account for your self assessment tax return is...
18 Jun 2025
Claiming mileage relief
Employees may pay for the fuel that they use for business journeys undertaken in their own car or...
24 Apr 2025
Claim a refund if you have overpaid tax
There are various reasons why tax may be overpaid, and when more tax has been paid than is due, it...
17 Apr 2025
Starting a business as a sole trader
When starting a business, there are various decisions to make and tasks to perform. One of the...
For many years the most tax-efficient method of withdrawing monies from a company by a sole...
Benefits in kind (BIK) are goods and services provided to an employee (or a member of their family...
If you are self-employed, you will pay tax on your taxable profit. In working out your taxable...
High Income Child Benefit Charge Income thresholds for the High Income Child Benefit Charge (HICBC)...
12 Feb 2025
Is it worth paying voluntary Class 3 NICs?
The payment of National Insurance contributions is linked to entitlement to the state pension. If...
If you are self-employed, you will pay tax on your taxable profit. In working out your taxable...
1 Nov 2024
Budget to increase taxes by £40bn
After a damning verdict on the inheritance of the public finances from the previous conservative...
24 Jun 2024
Understanding your tax code
Tax codes are fundamental to the operation of PAYE. If your tax code is correct, you should pay the...
29 May 2024
Navigating HMRC Scam Letters: How to Spot a Fake
In today's digital world, fraudulent schemes - particularly those involving HMRC scams - are on the...
It is often said that inheritance tax (IHT) is a voluntary tax, and one that can be avoided if you...
30 Apr 2024
Check your National Insurance record
Paying National Insurance contributions allows individuals to earn qualifying years, which in turn...
HMRC are sending one-to-many ‘nudge’ letters to taxpayers who included an invalid claim for gift...
27 Feb 2024
Year End Tax Planning Guide
With the closure of the 2023 tax year approaching on April 5, 2024, there remains an opportunity to...
The High-Income Child Benefit Charge (HICBC) is a tax charge that claws back child benefit where...
Main residence relief is a valuable relief which prevents a tax charge arising where a gain is...
28 Nov 2023
Reporting residential property gains
If you make a chargeable gain on the sale of a UK residential property, you will need to report the...
Today, the Chancellor of the Exchequer, Jeremy Hunt, announced his measures (a whopping 110 of...
31 Oct 2023
Self-serve Time to Pay for VAT
For some time, taxpayers within Self Assessment have been able to set up a Time to Pay arrangement...
26 Oct 2023
Claiming overlap relief
If you are self-employed, the way in which your profits are taxed is changing. As a result of this,...
Private residence relief means that you do not have to pay capital gains tax on any gain that you...
13 Oct 2023
Should I file my tax return early?
If you need to file a Self Assessment tax return for 2022/23, you have until midnight on 31 January...
3 Oct 2023
How to appeal a tax penalty
There are various reasons why HMRC may issue a tax penalty. You may receive a penalty if you file...
29 Sep 2023
Autumn Statement date set for 22 November
The Treasury has announced that the Office of Budget Responsibility (OBR) will produce a report on...
15 Aug 2023
Unincorporated businesses overlap relief
From 6 April 2024, all unincorporated businesses will be taxed on their profit or loss arising in...
19 Apr 2023
Managing inheritance tax
Like many other taxes, inheritance tax (or IHT) allowances have been frozen. This sounds generous...
21 Mar 2023
Tax Rates & Reliefs
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a...
If you are planning to claim the UK state pension you should check your national insurance (NI)...
The mandatory use of software for Making Tax Digital for Income Tax Self-Assessment is being phased...
HMRC is reminding taxpayers that they must declare COVID-19 payments in their tax return for the...
28 Nov 2022
“Off-payroll” working rules continue to apply
With all of the U-turns on tax policy in the last couple of months, businesses may be confused...
14 Nov 2022
Own a Buy to Let? Then read on...
If you own a property which is let out, HMRC may contact you with a "nudge letter'', if they...
We all have to pay taxes. But what if we told you there are several strategies you can adopt to...
If you own property there are a number of tax implications which you need to be aware of.
Class 2 NICs are flat-rate contributions payable by the self-employed, currently charged at a rate...
Tax payments for the self-employed or those who declare their income under self-assessment are...
If you have a spare room in your home, you may consider letting it out to raise some much-needed...
28 Jun 2022
Giving away money free of IHT
Most people do not want to give money to the taxman when they die. However, while it is said that...
Claims for the fourth Self Employed Income Support Scheme (SEISS) can now be made and must be...
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At Inform Accounting, what we do is about so much more than making money and helping our clients manage theirs.
