Investor tax made easy

The type and amount of tax you pay depends on what kind of investment income you’re earning. 

This can include Income Tax, Capital Gains Tax, and/or Dividend Tax.

Learn more about the types of investment income and what taxes you might owe HMRC.

If you’re invested in a small business or start-up that is part of the Enterprise Investment Scheme (EIS), you’ll be eligible for EIS loss relief if the business fails.

It’s a type of tax relief available to you when you sell your shares of an EIS business at a loss. The tax relief allows you to reduce the amount of tax you pay HMRC.

Learn how to claim EIS loss relief here.

A dividend is a sum of money you might receive if you own shares in a profitable limited company. 

There is a yearly tax-free dividend allowance and for the 2023/24 tax year, it’s £1,000. This means you won’t need to pay tax on any dividend income under £1,000. 

If you do make more, you pay tax based on what salary band you fall into and will need to report it to HMRC through a tax return.

Depending on your situation, you could need to pay Capital Gains Tax and/or Income Tax. 

If you’re only spending, selling, or exchanging crypto, you’ll more than likely only owe Capital Gains Tax on your profits over £6,000 because HMRC considers crypto an asset in this instance.

If you’re mining, staking, getting paid in crypto, or receiving crypto airdrops, you’ll probably owe Income Tax on earnings above £12,570 (Personal Allowance) because HMRC considers these actions earning an income. 

The exact amount you need to pay is completely unique to you, so you’re better off using our crypto tax calculator for a more accurate estimate.

HMRC considers regular trading an income-generating activity, which means you’ll likely need to pay Income Tax and National Insurance Contributions on earnings more than £12,570.

Investing, on the other hand, is seen as more of a one-off type of transaction and more likely to be subject to Capital Gains Tax. 

Learn more about the pros and cons of each.

HMRC have announced a change for PAYE high earners. If you earn less than £150k from your PAYE salary, you will not have to file a UK tax return in the 2023/24 tax year.

You’ll still need to file a tax return if you earned £100k or more during the 2022/23 tax year.

The one-off cost covers your Self Assessment being prepared and filed by an accredited accountant, VAT included. If anything extra comes up, we’ll let you know.

Most people don’t. If extra work is needed, we’ll always be upfront so nothing comes as a surprise.

Your return checked, prepared and filed with HMRC by an accredited accountant, VAT included, plus one amendment within 12 months if needed. You can ask any question you’d like on this return. Should you receive an HMRC letter or inquiry afterwards, we’ll be here to help.

We cover the vast majority of our clients within our service fee. However, as with any service, there are a few exceptions that require extra support – including (but not limited to) multi-year pension tapering, large volumes of bookkeeping, or complex capital gain calculations.

If we realise you need more advanced help, we will explain why and give you the option to proceed at a higher fee or discuss a refund if you decide not to continue.

You can find a more detailed breakdown of what’s in and out of scope in our service document here: What’s included in our tax return service?

This service is for filing your return. If you want tailored tax advice, you can book a one-off consultation with an accredited accountant.

Yes, it’s official! TaxScouts is now Taxfix.

Over a year ago, we joined forces with one common goal: to simplify taxes across Europe. Now, we’ve taken the next step by bringing our services together under one single brand – Taxfix.

Nothing’s changing for you. You’ll continue to enjoy the same fast, simple, and reliable tax service you already know and trust. The only difference is that you now get it with the added innovation, technology, and support of Taxfix – Europe’s leading digital tax platform.

In short: we’re the same team, with the same dedication, but now united under one stronger brand to give you even more support.