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.

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.

The Accuracy Guarantee covers any mistakes made by your Taxfix accountant. If an error in the tax return is due to our work, we will refund you in full and resubmit your tax return at no additional cost.
Penalties that result from incorrect, incomplete, or missing information provided to us are not covered by the Accuracy Guarantee. You can find the full details in the T&Cs .

You can purchase each plan as a one-off purchase or an annual subscription. The services provided are exactly the same. If opting for the annual subscription option you will be entitled to a discount as a new customer. If you purchase the annual subscription you can cancel at any time prior to your renewal date.

Every level delivers the same core outcome – a UK-accredited accountant prepares and files your tax return accurately, efficiently, and in full compliance with HMRC requirements, so you can feel confident everything has been handled correctly.
If you’d like more or less support than the level you originally selected, you can contact our support team.

If you are purchasing a service from Taxfix for the first time and select an annual subscription plan, you can get a 30% discount on your first year plan price. Full T&Cs are available here.