Resources - filing a tax return

A selection of great tools, business guides and articles to help make your business a success

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New tax regime for sole traders and partnerships starts

New tax regime for sole traders and partnerships starts

HMRC is changing the way sole traders and partnerships need to calculate profits for their self-assessment returns. The Revenue will require the profits to be declared for the tax year in question, rather than the accounting year as is currently the case. Any sole...

Self-assessment thresholds change for PAYE workers

Self-assessment thresholds change for PAYE workers

The threshold for people taxed through PAYE who are required to file a self-assessment return has increased from £100,000 to £150,000. Those affected should be contacted by HMRC if they need to change anything. That said, there have been times in the past where HMRC...

P11D and P11D(b) forms must be filed online by July 6

P11D and P11D(b) forms must be filed online by July 6

P11D and P11D(b) forms from April 6, 2023, now need to be filed online by July 6 following a rule change from HMRC. If employers need to make amendments to any returns that have already been filed, these should also be made online through a new form via...

Self Assessment Blunders To Steer Clear Of

Self Assessment Blunders To Steer Clear Of

We all make mistakes. It’s called being human. Unfortunately, the taxman isn’t exactly the forgiving type. Tiny errors can lead to massive consequences when you get something wrong on your tax return. That’s why it’s so important to ensure your Self Assessment is in...

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