Posts Tagged ‘income tax’
How HMRC’s Focus On Private Use Adjustments Affects Your Tax Return
Tips & Advice How HMRC’s Focus On Private Use Adjustments Affects Your Tax Return Published: 04 October 2025 Reading time: ~4 minutes HMRC Targets Private Use Adjustments In Self Assessment HMRC say they raised over £27 million following a 2024 trial encouraging more accurate private-use adjustments, exposing widespread claims of disallowable private use within business…
Read MoreYork Case: Why Rooftop Panel Installation Wasn’t Enough For EIS
Tips & Advice York Case: Why Rooftop Panel Installation Wasn’t Enough For EIS Published: 15 September 2025 Reading time: ~4 minutes What This Case Means For EIS Qualifying Requirements The case of York SD Limited and others v HMRC shows why you must satisfy all Enterprise Investment Scheme (EIS) conditions to secure the tax relief.…
Read MoreFrom First-Time Tax Return To Peace Of Mind: A Semi-Retiree’s Calm Start
Success story From First-Time Tax Return To Peace Of Mind: A Semi-Retiree’s Calm Start Reading time: ~4 minutes A Gentle Start To Going Solo In January 2024, a 54-year-old from Dudley, West Midlands, came to us for his first tax return. He had been employed all his life. As he eased into semi-retirement, he began…
Read MoreHow To Pay Yourself From A Limited Company: Salary, Dividends Or Loans?
Tips & Advice How To Pay Yourself From A Limited Company: Salary, Dividends Or Loans? Published: 12 September 2025 Reading time: ~4 minutes How To Pay Yourself From A Limited Company Just set up your business and wondering how to pay yourself from a limited company? There are three ways most owner-directors take money from…
Read MoreWhen “Reasonable Excuse” Can Quash HMRC Penalties
Tips & Advice When “Reasonable Excuse” Can Quash HMRC Penalties Published: 11 September 2025 Reading time: ~4 minutes Sayrun Lamuth v HMRC: The Case In Brief Sayrun Lamuth jointly owned a UK rental property with her ex-husband who lived overseas. They agreed she would pass her share of rent to him to hold for their…
Read MoreHe Was Owed £22,000 And Didn’t Know It: The Fast Review That Changed Everything
Success story He Was Owed £22,000 and Didn’t Know It: The Fast Review That Changed Everything Reading time: ~4 minutes The Moment He Called Autumn 2022. A successful UK investor with several companies and family properties reached out. He was wealthy, driven, and building fast. But behind the success was a nagging feeling: he might…
Read MoreMaking Tax Digital for Income Tax Self Assessment (MTD for ITSA) – What You Need to Know
Tips & Advice Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) – What You Need to Know Published: 22 May 2025 Reading time: ~5 minutes Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) From April 2026, the way millions of self-employed individuals and landlords report their income to HMRC…
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