The Nuts and Bolts of Self Employment
The 2020/21 tax year in the UK runs from 6th April 2020 to 5th April 2021. Tax returns for this tax year are generally due by 31st January 2022. Here are some of the most common at-a-glance figures you might find useful for the next tax year.
Continue reading “UK self employed tax rates 2020/21 – at a glance!”
There are few things in life more stressful than a tax audit. Just when you think you’re on top of things that little brown envelope comes through the post and inside is an ominous looking letter. Not printer on the usual white paper but instead on a scary looking grey paper. At the top of the letter is says “Check of Self Assessment tax return for the year ended 5 April 2013” (in my case) and it’s accompanied by a leaflet “General information about compliance checks”. You’re being audited by HMRC and it’s time to put your record keeping to the test.
Continue reading “Surviving a Tax Audit in the UK – What did HMRC ask for?”
The 2019/20 tax year in the UK runs from 6th April 2019 to 5th April 2020. Tax returns for this tax year are generally due by 31st January 2021. Here are some of the most common at-a-glance figures you might find useful for this tax year.
Continue reading “UK self employed tax rates 2019/20 – at a glance!”
It’s that time of year again! January is tax return time in the UK! For the first time in… as long as I can remember, the HMRC systems have had a bit of an update! Let’s have a look at what a UK self assessment tax return looked like in 2019.
Let’s have a little chat about record keeping in the UK! As a self employed person, you must keep records to back up the information you put on your self employed tax returns. You can keep paper records, electronic records (e.g. in a spreadsheet) or you can use software. So what sort of information do you need to keep track of?
Continue reading “Tax Receipts and Record Keeping in the UK”
The 2018/19 tax year in the UK runs from 6th April 2018 to 5th April 2019. Tax returns for this tax year are generally due by 31st January 2020. Here are some of the most common at-a-glance figures you might need for this tax year.
Continue reading “UK self employed tax rates 2018/19 – at a glance!”
The 2017/18 tax year in the UK runs from 6th April 2017 to 5th April 2018. Tax returns for this tax year are generally due by 31st January 2019. Here are some of the most common at-a-glance figures you might need for this tax year.
Continue reading “UK self employed tax rates 2017/18 – at a glance!”