Tax Returns Soar: A Record 11.5 Million Filed by Deadline
A historic achievement unfolded as 11.5 million taxpayers successfully submitted their Self Assessment tax returns for the 2022 to 2023 tax year, setting a new record, according to the latest revelation from HM Revenue and Customs (HMRC). Successful Tax Returns...
How to Register for Self Assessment- If you are Not Self Employed
If you are not self-employed and require assistance with your tax return, this section provides guidance on registering for Self-Assessment on GOV.UK. The registration process is quick, taking only a few minutes, and it is both free and secure, eliminating...
The Future of Tax Advisers in the UK: Trends and Challenges
The future of tax advisers in the UK is marked by digital transformation, expanding roles, and navigating complex regulations. Adapting to technology, staying updated with tax laws, and meeting heightened business expectations are pivotal for tax professionals to thrive in...
Understanding Self-Assessment Tax: FAQs for Landlords in the UK
If you own a rental property and your rental income is more than £1000 a year, you will need to file a Self-Assessment Tax Return.
Navigating Non Resident Landlord Forms in The UK
The UK's Non Resident Landlord (NRL) scheme outlines tax obligations for non-resident landlords with UK properties, providing an avenue for gross rent payment. Understanding eligibility criteria and completing the relevant forms enables efficient management of tax obligations while residing abroad.
HMRC Tax Investigation – 10 Reasons HMRC Might Audit Your Tax Return
In this article, we will discuss reasons why your tax return might be selected for an HMRC Tax Investigation.
