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SA101 – Page 8 of 11 – Taxfix Taxopedia

The SA101 is one of the supplementary forms that you can attach to the SA100 form, if you need to declare less common types of income or tax reliefs.

Rent a Room scheme – Page 8 of 11 – Taxfix Taxopedia

The Rent a Room scheme is a scheme that allows you to earn up to £7,500 a year tax-free from renting out your own home, as long as you also live there.

Relief at source – Page 8 of 11 – Taxfix Taxopedia

Relief at source is a way of giving automatic tax relief on the contributions that you made into your pension scheme. It's set at 20%.

Intro to Taxfix + Koinly – Page 8 of 11 – Taxfix (formerly TaxScouts)

Reporting your crypto profits for tax can be a huge pain, which is why we’ve teamed up with Koinly to create a simple solution, just for you.

Am I a UK tax resident? – Page 8 of 11 – Taxfix (formerly TaxScouts)

Wondering "am I a UK tax resident?" Learn the criteria, tax obligations, and rules for UK tax residency here.

What is a Trust fund? – Taxfix Taxopedia

A trust fund is a tool for future planning. It’s a legal third party entity. It’s usually set up to take care of a person's assets.

How to add joint ownership of property details to your tax return – Page 8 of 11 – Taxfix (formerly TaxScouts)

If you and your partner have joint ownership of property that you rent out together, each of you will have to complete a tax return.

Incentive Stock Option – Page 8 of 11 – Taxfix Taxopedia

An incentive stock option is an option that gives an employee the right to buy shares at a discounted price. The biggest advantage: zero income tax to pay.

P87 claim form – Taxfix Taxopedia

A P87 claim form lets you claim tax relief for your employment expenses. You can use a P87 to claim any reasonable expense that relates to your employment

Allowable expenses limited companies can claim

Discover what allowable expenses limited companies can claim to reduce their tax bills and stay compliant.

Understanding private pensions and tax

When you save into a pension, you may receive tax relief, which is a key benefit of private pensions and tax planning.

How to check if HMRC has received your tax return

Find your HMRC submission receipt and learn how to check the status of your tax return. Also check if HMRC has received it.

HMRC is trying to tax your ISA?! – Page 8 of 11 – Taxfix (formerly TaxScouts)

HMRC do not think fractional shares belong in Individual Savings Accounts (ISAs) because they don’t meet ISA regulations and should be taxed.

How to use the Government Rent a Room Scheme

If you rent out a portion of your own house, you could earn up to £7,500 per year tax-free thanks to the Government Rent a Room Scheme.

P11D – Page 8 of 11 – Taxfix Taxopedia

A P11D is a form that tells HMRC if you received benefits from your employer, outside of your salary. You need it if you file a Self Assessment tax return.

Late payment penalty – Page 8 of 11 – Taxfix Taxopedia

A late payment penalty is a fee charged by HMRC if you pay your tax bill late. You also have to pay interest if you pay your tax bill late.

Why you should use an online tax return service

In the UK you can file a tax return yourself or hire an expensive accountant to do it. An online tax return service like Taxfix is a better solution.

What was the Government Gateway and how do I login now?

Government Gateway was used to register for UK government’s online services, but it was shutdown in March 2019. Check these alternatives.

Employee – Page 8 of 11 – Taxfix Taxopedia

An employee is someone who works under an employment contract. Usually your employer pays your taxes, but you may need to file a tax return.

Tax guide to buying crypto (UK) – Page 8 of 11 – Taxfix (formerly TaxScouts)

If you’re thinking about buying crypto, before you dabble in the world of digital currency, here's your tax guide to buying crypto in the UK!

Busting Taxfix myths: are the rumours true?

You might have heard a myth or two about Taxfix. It’s time to get down to the real matter at hand - the truth.

What is a HENRY? – Page 8 of 11 – Taxfix

‘HENRY’ stands for High Earner Not Rich Yet. It's a term that refers to people who are high earners, but who don’t have any wealth saved up.

Using these free bookkeeping tools will blow your mind! – Page 8 of 11 – Taxfix (formerly TaxScouts)

With our free bookkeeping tools, keeping track of your finances just got a whole lot easier. Welcome to the world of free bookkeeping.

Non-domiciled – Page 8 of 11 – Taxfix Taxopedia

A non-domiciled person is someone living in the UK whose permanent home is not here. There are some tax pros and cons to their situation.

How do I claim EIS loss relief?

EIS loss relief is a type of relief available when you sell your shares at a loss and you can claim it on your Self Assessment.

Living abroad and UK tax – Page 8 of 11 – Taxfix (formerly TaxScouts)

Are you living abroad but have a business in the UK? We’re dishing out everything you need to know about living abroad and UK tax!

How to find and share your Taxfix referral code

Use your Taxfix referral code to get £25 for each friend you invite, plus they'll get 10% off too. Win-win.

What are the CFD trading tax implications?

You can create a diverse investment portfolio with CFDs, but it’s important to consider their tax implications. Here’s an easy guide that explains it all.

Tax – Page 8 of 11 – Taxfix Taxopedia

Tax is a sum that you need to pay to the government when you earn money. How you pay it depends on how you earned the money.

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.

HCPC renewal – Taxfix Taxopedia

Find out who needs to complete HCPC renewal, what it costs, and how to claim tax relief on your renewal fees.

Accounting software – Page 8 of 11 – Taxfix Taxopedia

If you're self-employed, accounting software is a programme that you can use to send invoices, keep track of your finances, and also submit tax returns.

Can I expense my bed and pillows? – Page 8 of 11 – Taxfix (formerly TaxScouts)

For any of us that needs to do a tax return, you’ll know that one of the important parts of the process is claiming back your business expenses.

Landlord

A landlord is a property owner who either rents or leases their property to another party in exchange for rent payments.

Entrepreneurs' Relief – Taxfix Taxopedia

The Entrepreneurs’ Relief is a tax relief that you can claim if you're selling shares in, or giving your business to someone.

Reducing your tax bill with crypto losses – Page 8 of 11 – Taxfix (formerly TaxScouts)

As many investors know not all investments end in a gain - sadly, some result in a loss. This is known as a capital (or crypto) loss.

How to claim your SEIS tax relief

Aimed at helping startups raise money, SEIS is an incredible tax relief: 50% tax relief and zero CGT. This is how you can claim SEIS.

How to pay your tax bill

How to pay your self assessment tax bill. What to do if you're struggling to pay the bill and information HMRC will need to make a decision on a payment plan

Offshore account – Page 8 of 11 – Taxfix Taxopedia

Offshore is an accounting term for "abroad" or "overseas". If you're a UK tax resident, you declare your offshore gains and income to HMRC.

How to claim your EIS tax relief

EIS is a UK government incentive designed to stimulate startup investment. Here's how to claim EIS relief with your EIS3 certificate.

Guides and useful information for doing your taxes – Taxfix

If you're looking for help or more information on doing and understanding your personal taxes, check out our helpful guides, FAQs and calculators.

What are the VCT (Venture Capital Trust) tax reliefs?

Venture Capital Trusts (VCTs) are designed for investment in smaller companies. Read about the tax benefits of VCT investing 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.

What is SEIS (Seed Enterprise Investment Scheme)?

Wondering what is SEIS? Learn how the Seed Enterprise Investment Scheme can help your start-up attract investment with tax incentives.

Savings interest – Page 8 of 11 – Taxfix Taxopedia

To understand savings interest, you should first understand how a savings account works with interest rates. Click here to read more.

Securities – Page 8 of 11 – Taxfix Taxopedia

To understand securities if you’re not familiar with investing, it’s best to look back on how they began, when investments were paper-based.

Shareholder – Page 8 of 11 – Taxfix Taxopedia

A shareholder is a person or a business who owns shares in a limited company. You can be the sole shareholder in your own company.

Shares – Page 8 of 11 – Taxfix Taxopedia

Shares are part of a limited company. You pay tax on earnings from shares outside of an ISA and you can claim tax relief for SEIS/EIS shares.

What is EIS (Enterprise Investment Scheme)?

What is EIS? The Enterprise Investment Scheme is a UK government initiative that offers tax relief for investors who fund small businesses.

Free Bookkeeping tools - Taxfix (formerly TaxScouts)

Try Taxfix new bookkeeping tools today. Invoicing, expenses, business finances tracking and AI-based receipt uploads. All for free.

TaxScouts is now Taxfix!

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