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Resident landlord – Page 6 of 11 – Taxfix Taxopedia

A resident landlord is someone that rents out part of their home while also living there. You only need to do a tax return if you earn over £7,500 from it.

SA102 – Page 6 of 11 – Taxfix Taxopedia

The SA102 is a form that you can attach to your main SA100 Self Assessment tax return form, if you need to tell HMRC more about your employment income.

Can I claim driving lessons on tax?

First of all, what does the question, ‘Can I claim driving lessons on tax?’ actually mean? It basically asks whether driving lessons are tax deductible.

Business rates – Page 6 of 11 – Taxfix Taxopedia

Business rates are taxes that you pay on top of council tax, if you work from home. If you're self-employed, you can claim business rates as an expense.

SA105 – Page 6 of 11 – Taxfix Taxopedia

The SA105 is a form that you need to attach to your SA100 Self Assessment document if you want to declare rental income from UK properties.

The sole trader’s boulevard of boring necessities – Page 6 of 11 – Taxfix (formerly TaxScouts)

What does it mean, you ask? Aside from being fierce wordplay, it’s the fundamental business necessities that sole traders often overlook.

Tea talks tax fears and how to solve them – Page 6 of 11 – Taxfix (formerly TaxScouts)

When you’re newly self-employed, tax is one of the big unknowns that can send you into a fluster. And it’s very normal to put it off.

Do I pay tax on money invested in Nutmeg?

So, do you pay tax on money invested in Nutmeg? Well that depends - it’s a little bit more complicated than a straight yes or no answer.

Corporation tax calculator

...companies and their tax implications. How to apply for small business rate relief Allowable expenses for limited company directors Do I need to file a director Self Assessment tax return?...

How to pay tax on dividends

Paying tax on dividends all depends on how much you received in dividends this tax year. You don't always need to file a tax return.

What are Dividend – Page 6 of 11? – Taxfix Personal Tax Glossary

A dividend is a sum of money that you might receive if you own shares in a profitable limited company. Only limited companies can pay them.

BACs payment – Page 6 of 11 – Taxfix Taxopedia

BACs is an electronic system that is used to make payments. There are two main types of BACS payment: Direct Debit and Direct Credit.

Are bitcoins tax-free?

If you’re thinking of investing in cryptocurrency then you might be asking yourself, ‘are bitcoins tax-free?’. Unfortunately not!

How does the Mileage Allowance work?

The mileage allowance is a simple tax-free allowance that self-employed people can claim for using their own car for business.

What are the dividend tax rates in the UK?

If you receive dividends from an investment or you're a company director and you pay them to yourself, you pay tax separately on this income.

3 hacks to get the most out of Taxfix

3 ways to maximise your Taxfix account. Get money off the services you use by referring friends and family! Click here to find out how.

Enterprise Incentive Scheme (EIS) – Taxfix Taxopedia

The Enterprise Incentive Scheme (EIS) lets you save tax by investing in startups. You can claim 30% from HMRC and sell the shares tax-free.

Real Time Capital Gains Tax Service – Taxfix Taxopedia

The Real Time Capital Gains Tax Service is one of the two ways which you can pay your CGT bill. Starting in April 2020, it's mandatory for property sales.

Cryptocurrency – Taxfix Taxopedia

Cryptocurrency (“crypto”) is a form of money that only exists on the Internet. How you pay tax on your crypto profits depends on how you got them.

Which Tax Rate Applies? A Guide to Using a Tax Calculator Interest Tool

Use a tax calculator interest tool to estimate tax on savings interest. Understand allowances, rates, and how to pay.

2 landlords, 1 property: how it works – Page 6 of 11 – Taxfix (formerly TaxScouts)

Want to buy a buy-to-let property? In most cases, this means that you’ll have to file a tax return on the income that you get from renting.

I can’t afford my tax bill

If you can’t afford your tax bill, don’t worry. There is support available. The first and most important thing to do, is to notify HMRC.

UTR number? – Taxfix Taxopedia

A UTR number (Unique Taxpayer Reference number) is a ten digit code that HMRC uses to keep track of taxpayers who need to file tax return.

Are content creators evading taxes? – Page 6 of 11 – Taxfix (formerly Taxscouts)

At the moment, there’s no such thing as Influencer Tax. There are, however, tax responsibilities attached to being an online influencer.

What’s the hold-over relief on gifts?

If your business holds something of value such as cash or raw materials, you may be able to claim the hold-over relief if you gift it.

Higher Rate Tax – Page 6 of 11 – Taxfix Taxopedia

The Higher Rate tax band is a tax rate through which you pay Income Tax. You pay it on your income between £50,000 to £150,000.

The A-Z guide for (S)EIS investors

Get all the details you need and more about your (S)EIS investment in our A-Z investor guide - from tax relief to loss relief.

File your Tax Returns Online - Easy to use Platform - Taxfix

Get matched with an accredited accountant to sort your UK tax returns. Simple, fast, all online. File your self assessment today.

How to recover your HMRC login user ID

Losing your User ID can prevent you from logging in to HMRC Online and submitting your tax return. See how you can quickly recover it.

How to claim tax back on your van

In the trades services industry, a lot of people ask, ‘Can I claim a van on my tax return?” This is really a question about expenses.

What is CSP tax?

CSP tax refers to how tax works as a member of the Chartered Society of Physiotherapy, depending on whether you're self-employed or employed.

3 ways the mortgage tax relief changes impact you

The 2020 mortgage interest tax relief rules meant landlords had to pay more tax on buy-to-let income. Here are 3 calculation examples.

UK income tax rates for tax year 2023/2024

Your earnings below £12,570 were tax free. This is called the Personal Allowance. Read more about the 2023/24 Income Tax rates here.

When is corporation tax due?

Understanding when corporation tax is due is important if you want to stay compliant and avoid any HMRC penalties.

Income tax rates in the UK – Page 6 of 11 – Taxfix (formerly TaxScouts)

The income tax rates in the UK depend on how much you earn per year. The basic rate is 20%, and increases to 40% and then to 45%.

Welsh rates of Income Tax – Taxfix Taxopedia

Since 6th April 2019, Welsh rates of Income Tax have been determined by the Welsh government instead of England’s. Here are the details.

Limited company pension contributions explained

Limited company pension contributions are payments your business makes into your pension as an allowable expense.

Pension

A pension is a tax-efficient way of saving for when you retire from work. There are different types available, dependent on circumstances.

Student loan deductions – Taxfix Taxopedia

Student loan deductions are repayments of your student loan that your employer collects automatically from your salary and sends to HMRC.

Learn more about Taxfix – stress-free personal tax returns (formerly TaxScouts)

No one wants to do a tax return. That's why Taxfix just does it for you. Learn more about the company and what drives us.

UK income tax rates for tax year 2020/2021

The basic income tax rate in the UK was 20% during the 2020–21 tax year. When you make more than £50,000, this percentage rises to 40%.

SA100 HMRC form – Page 6 of 11 – Taxfix Taxopedia

The SA100 HMRC form is the main way to file your tax return. Depending on why you need to file, you may need to add another form to it.

Ethereum – Taxfix Taxopedia

Ethereum is one of the most popular types of blockchain software, powered by a crypto called ether. If you earned ethers, you might owe tax.

Bye-bye High Income Child Benefit tax charge – Page 6 of 11 – Taxfix (Formerly TaxScouts)

Have you been caught out before by the High Income Child Benefit tax charge? Well, we've got good news! Things are about to change!

Pay wars - magic circle salaries and what it means for tax – Page 6 of 11 – Taxfix (Formerly Taxscouts)

If someone told you that you could get a job post-graduation that’d give you a £100k+ a year salary, would you know the tax implications?

Accountant – Page 6 of 11 – Taxfix Taxopedia

An accountant is someone who helps businesses and individuals to stay on top of their financial affairs. There’s a wide range of practices.

The Property Income Allowance: worth claiming?

As a landlord, you can get up to £1,000 rental income tax-free every year. Check if you could be claiming more.

Is Taxfix legit?

There are so many online scams that our well-priced tax return service might seem too good to be true. But it’s not. But it's not...

UK income tax rates for tax year 2018/2019

The UK income tax rates are revised each year as part of the UK budget. Find out what the income tax rates were for the tax year 2018/2019.

Capital Allowances – Taxfix Taxopedia

Capital allowances can be used to claim tax relief on things that have been bought for business use e.g. equipment, vehicles, and R&D costs.

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