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Community Investment Tax Relief (CITR) – Taxfix Taxopedia

The Community Investment Tax Relief (CITR) is a tax relief for investors who invest in disadvantaged communities, worth up to 25% of the...

How does the Entrepreneurs’ Relief work?

Entrepreneurs Relief (also known as the Business Asset Disposal Relief) is a type of tax relief in the UK. Find out how to claim it here.

Bitcoin – Taxfix Taxopedia

Bitcoin is the most well-known digital currency. Depending on how you got them or how much profit you made on them, you might need to file a tax return.

6 pension hacks every freelancer should know – Page 10 of 10 – Taxfix (formerly TaxScouts)

Like tax, pensions are a notoriously unexciting conversation starter. Penfold helped us put together these six facts to learn about pensions.

Wait, what’s an accredited accountant?

Each one of our accountants is an accredited accountant, governed by one of the six regulatory accountancy bodies in the UK.

Off-payroll – Page 10 of 10 – Taxfix Taxopedia

Off-payroll means getting paid for work through ways other than through a salary (otherwise known as a payroll).

Let’s talk the Let Property Campaign – Page 10 of 10 – Taxfix (formerly TaxScouts)

The Let Property Campaign is what HMRC describes as the “opportunity” for landlords to disclose their rental property earnings.

Allowable expenses for limited company directors

Allowable expenses for limited company directors help you be as tax-efficient as possible and can lower your corporation tax bill.

How do IR35 changes affect me?

The IR35 changes came into force in April 2021 at the start of the new tax year. They were delayed as a result of COVID-19.

VAT exempt – Taxfix Taxopedia

VAT exempt means that for something you don’t have to pay or charge VAT. If you're self-employed, here is when you need to care about VAT exempt services.

Are there legitimate ways to reduce tax? – Page 10 of 10 – Taxfix (formerly TaxScouts)

There are lots of legitimate ways to reduce tax. Another way of describing this is being more tax efficient.

What to know about the tax credit end – Page 10 of 10 – Taxfix (formerly TaxScouts)

The tax credit end has already happened. Learn how the transition to Universal Credit affected you and what steps you need to take next.

The P800 form: what to do if HMRC sent you one

If HMRC thinks you haven't paid the right amount of tax, you'll receive a P800. If you receive one, you'll want to know what to do with it.

Is your company’s Christmas party tax-free? – Page 10 of 10 – Taxfix (formerly TaxScouts)

Did you know there’s a tax exemption for your company's Christmas party? To qualify, your company’s party must meet a set of requirements.

Personal Savings Allowance – Page 10 of 10 – Taxfix Taxopedia

The Personal Savings Allowance is tax-free interest you can earn: £1,000 if you pay basic rate tax, £500 if you pay higher rate tax.

Getting advice from a personal tax advisor – Page 10 of 10 – Taxfix (formerly TaxScouts)

A personal tax advisor can help you navigate complex tax rules, minimise your tax bill and plan for the future.

Tax deductions for influencers

As a new profession, you might think that there aren't tax deductions for influencers. But for HMRC, you're treated like any other self-employed worker.

SA104 – Page 10 of 10 – Taxfix Taxopedia

The SA104 is a form that you attach to your main SA100 tax return form if you need to declare profits or losses from a partnership.

What tax-free allowances do you have?

Claiming tax-free allowances can significantly reduce the amount of tax that you need to pay. Find out more about these allowances here.

9 tax deductions for DJs – Page 10 of 10 – Taxfix (formerly TaxScouts)

Do you know exactly what you’re entitled to claim as an expense if you're self-employed? Explore nine tax deductions for DJs.

Proforma invoice – Page 10 of 10 – Taxfix Taxopedia

If you're self-employed, a proforma invoice is a document that you can give to a client to give them an idea of the final price.

What is a CIS tax deduction?

A CIS tax deduction is a payment withheld from a subcontractor's pay by contractors and sent to HMRC to cover tax obligations.

How to avoid paying tax on cryptocurrency

If you owe crypto tax, you can’t avoid paying it - but there are a few ways you can navigate the dreaded ‘crypto-tax’. Read about this here!

Will I receive working or child tax credits on a bank holiday? – Page 10 of 10 – Taxfix (formerly TaxScouts)

Worried about how the bank holiday may affect your Working or Child tax credits? Get the low-down on how HMRC payments work, here.

National Insurance Number (NINo) – Page 10 of 10 – Taxfix Taxopedia

The National Insurance Number (NINo) is a number that proves you have the right to work in the UK when you're looking for a job.

Eugene Amo-Dadzie, the ultimate numbers man – Page 10 of 10 – Taxfix (formerly TaxScouts)

Taxfix sponsors Eugene Amo-Dadzie: 4th fastest Brit of all time in 100m, working to qualify for the Olympics, and working accountant.

It no longer pays to be a landlord... or does it? – Page 10 of 10 – Taxfix (formerly Taxscouts)

It no longer pays to be a landlord in 2024, so what does that mean for short-term holiday lets and their respective landlords?

How to add your UTR number to your Taxfix profile

Here's how to add your personal details to your Taxfix profile - including your address, date of birth, National Insurance number, and UTR number.

Are you on the correct tax code? – Page 10 of 10 – Taxfix (formerly TaxScouts)

A set of letters and numbers known as the tax code instructs HMRC on how much tax you owe. You maybe overpaying if you're on the wrong code.

Modern Slavery and Human Trafficking Statement – Page 10 of 10 – Taxfix

At Taxfix, legal name Positron Technologies Ltd., we are committed to preventing modern slavery and human trafficking across our business

How to pay UK taxes when living abroad – Page 10 of 10 – Taxfix (formerly TaxScouts)

You must still pay income tax on any income you get from the UK even if you live overseas. Here's how to prevent paying taxes twice.

How to change your tax code – Page 10 of 10 – Taxfix (formerly TaxScouts)

Get help with all things tax with Taxfix, like how to change your tax code if you fear you may be on the wrong one.

P800 – Page 10 of 10 – Taxfix Taxopedia

A P800, also known as a tax calculation, is a letter from HMRC that tells you that you have paid the wrong amount of tax.

What are the most tax-efficient investments in the UK?

HMRC assumes interest from joint accounts to always be split down the middle. If you want to change this split, find out how to do it here.

How to add additional documents to your Taxfix account – Page 10 of 10 – Taxfix (formerly TaxScouts)

How to upload additional documents to your Taxfix account and tax return

Can you go to jail for not paying taxes (UK)?

Can you go to jail for not paying taxes? One of the most frequently searched questions on the net. So, can you? Read this guide to find out.

Trading vs investing – how are they taxed differently?

Whether you’ve bought shares as a one-off investment or been mining crypto tokens as your side gig, here's what you need to know about tax.

Unlimited liability

Unlimited liability means that the owner(s) of a business is personally responsible for any debts the business racks up.

Request your Companies House authentication code

Learn how to request Companies House authentication code. it’s key when it comes to updating your business activity online.

LP10 letter – Taxfix Taxopedia

An LP10 letter is a letter sent by HMRC that instructs your short-term employer or contractor not to deduct tax from your earnings.

2 hacks to get the most out of Taxfix

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

Invoice – Page 10 of 10 – Taxfix Taxopedia

An invoice is a bill that a business gives to its customers, asking them to pay for the goods or services that the business has supplied to them.

What is bookkeeping and how do you do it? – Page 10 of 10 – Taxfix (formerly TaxScouts)

Bookkeeping is the practice of recording and tracking the financial transactions of a business. Think income, expenses and more!

Is a gym membership tax deductible for a business?

Is a corporate gym membership tax deductible? It all depends. HMRC considers gym membership to be a personal cost the majority of the time.

If these 6 signs describe your accountant… run! – Page 10 of 10 – Taxfix (formerly TaxScouts)

Finding the right accountant can be tricky, especially if you’re new to the world of tax returns. Here are 6 signs that spell bad news.

What is HMRC's £2,000 tax-free summer holiday support? – Page 10 of 10 – Taxfix (formerly TaxScouts)

If you have children under 11, you might be eligible for Tax-Free Childcare support, and receive up to £2,000 a year per child

Fiscal year? – Taxfix Taxopedia

The fiscal year is the same thing as the “tax year”. In the UK it runs from 6 April one year to 5 April of the following year.

Taxfix (formerly TaxScouts) reviews: 4 reasons customers love us

Based on our Taxfix (formerly TaxScouts) Trustpilot reviews, here are the top 4 reasons why our users love us.

What taxes do landlords have to pay in the UK?

There are five taxes that landlords must pay in the UK: Stamp Duty, Income Tax, National Insurance, Capital Gains Tax, and Inheritance Tax.

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