You searched for self assessment – Page 9 of 10

Home Office Allowance – Page 9 of 10 – Taxfix Taxopedia

The Home Office Allowance is a flat rate that you can claim if you use your home for work. This flat rate based on the hours you work from home each month.

Trading Allowance – Taxfix Taxopedia

The Trading Allowance is a tax-free £1,000 that most self-employed people can claim. If you earned under £1,000 from self-employment, it's tax-free.

Carer's Allowance – Taxfix Taxopedia

The Carer’s Allowance is an allowance that you can claim if you care for someone for at least 35 hours each week.

Tax deductions for a personal trainer

As a self-employed personal trainer, HMRC lets you deduct your business expenses from your overall income when you do your tax return.

Taxfix Press Page – Find latest releases and media centre

Welcome to our press page. Explore the latest press releases, studies, facts, and background information, or get in touch.

eBay tax calculator

Use our eBay tax calculator to work out how much you owe HMRC and whether you need to file a tax return if you buy and sell used goods!

What are Expenses? – Taxfix Taxopedia

Expenses are costs that you might be able to claim against your earnings so you pay less tax. What and how much you can claim depends on your situation.

What tax do I pay as a freelance writer in the UK?

Freelance tax in the UK depends largely on your employment status, with different rates for self-employed individuals and side income.

Make company taxes work for you - Taxfix

Get expert tax advice and support sorting your company accounts and tax return with our one-off tax return and subscription services.

Did the tax return threshold change for high-earners? – Page 9 of 10 – Taxfix (formerly TaxScouts)

In May 2023, HMRC announced that from 2023/24, the threshold to file a tax return was changing from £100k to £150k. Read more here.

How to upload your Uber income to Taxfix

Want to file your tax return with Taxfix but not sure how to upload your Uber income to your Taxfix account? Look no further.

Tax deductions for crypto traders

As a crypto trader, HMRC allows you tax deductions for your crypto expenses from your total earned income. What can you expense?

Balancing Charge – Page 9 of 10 – Taxfix Taxopedia

How does HMRC make sure that you don't claim too much tax relief for a piece of equipment? They use what is known as a balancing charge.

How do I set up a limited company: A step-by-step guide

How do I set up my limited company, you ask yourself? Get the step-by-step info on what records you need to keep and how to register.

What is Traditional accounting? – Taxfix Taxopedia

Traditional accounting is a kind of accounting that looks at when you send or receive invoices – regardless of when you actually received or spent money.

How to pay UK taxes when living abroad – Page 9 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 claim your VCT tax relief

When you invest in a VCT fund, you can receive 30% income tax relief plus tax-free dividends. Here is how you actually claim your VCT tax relief.

Is the teacher tax rebate genuine?

There's a lot of debate about the teacher tax rebate and whether it's something that teachers can actually claim. Read this for guidance.

Seafarer’s Earnings Deduction – Taxfix Taxopedia

Seafarer's Earnings Deduction is a tax relief that allows people who work at sea to claim a 100% tax exemption on their foreign income.

Seed Enterprise Incentive Scheme (SEIS) – Taxfix Taxopedia

The Seed Enterprise Incentive Scheme (SEIS) is a tax relief that returns 50% of your investment if you invest in eligible new businesses.

Limited company – Taxfix Taxopedia

A limited company is an organisation that you set up to run your business. Click here to read about the basics of how it works, and more.

Live-in landlord – Taxfix Taxopedia

A live-in landlord is someone who rents out a part of their home to a “lodger”. You need to pay tax on this income – but the first £7,500 is tax-free.

Workplace pension – Taxfix Taxopedia

A workplace pension is a way of saving for your retirement that’s arranged by your employer. You usually get tax relief automatically from it.

Venture Capital Trust (VCT) – Taxfix Taxopedia

A Venture Capital Trust (VCT) is an investment fund that invests in small and early stage businesses. They get you 30% income tax relief.

What is CGT for businesses?

CGT for businesses is a tax on profits from selling assets. Companies pay via Corporation Tax; shareholders may owe CGT on personal gains.

How do I set up my HMRC Personal Tax Account? – Page 9 of 10 – Taxfix (formerly TaxScouts)

Create an HMRC Personal Tax Account to review your tax, file your tax returns, and to claim refunds. Here's how to do it quickly.

Why is my personal allowance less than £12,570?

Wondering why is my personal allowance less than 12,570? Learn about income thresholds, tax returns, and what happens if you miss deadlines.

Dividend allowance – Taxfix Taxopedia

The dividend allowance is the amount of tax-free dividends that you can earn in a tax year. In the 2020/2021 tax year, it is £2,000.

CIS refund: all your FAQs answered.

Wondering how long a CIS refund takes? Get answers to all your FAQs, from agent authorisation to HMRC deductions here.

What are the taxes on cryptocurrency (UK)? – Page 9 of 10 – Taxfix (formerly TaxScouts)

If you're getting into trading and wondering what the taxes on cryptocurrency in the UK are, we've got you covered with this guide!

Carry forward – Taxfix Taxopedia

Carry forward means taking a loss from the current year to the next year – and claiming it next year just like you would claim an expense.

Child Benefit calculator – Taxfix

Quickly calculate how much Child Benefit you’re entitled to in a tax year using our Child Benefit Calculator.

Do foreign entertainers and athletes pay withholding tax?

Whether you’re Lady Gaga, the next Rafael Nadal, or the person that hires them, it’s important you know all about withholding tax.

Direct Debit payment – Page 9 of 10 – Taxfix Taxopedia

A Direct Debit payment is an instruction to your bank, authorising someone to draw money from your account. You can use it for your tax bill.

Can I get a copy of my P45 or P60 from HMRC?

Can I get a copy of my P45 or P60 from HMRC? Losing these documents happens a lot and is nothing to worry about. Here's how to find them.

Equity crowdfunding – Taxfix Taxopedia

Equity crowdfunding is a form of crowdfunding. It’s a method through which an early stage business can raise money by selling shares.

Company Tax Returns sorted online - Taxfix (formerly TaxScouts)

Use Taxfix' Limited Company tax return service to get an accredited accountant to sort your company accounts and company taxes for you.

Bereavement Allowance? – Taxfix Taxopedia

What is the bereavement allowance? It’s a benefit for people whose spouse has passed away, replacing the Widow’s Pension.

How does salary sacrifice work?

Wondering how does salary sacrifice work? Well, it lets you exchange part of your salary for benefits that reduce your taxable income.

Company Share Option Plans (CSOPs) – Taxfix Taxopedia

Company Share Option Plans (CSOPs) are a share option where a company can grant tax-free shares to an employee or a company director.

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...

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.

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.

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.

Are there legitimate ways to reduce tax? – Page 9 of 10 – Taxfix (formerly TaxScouts)

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

Is your company’s Christmas party tax-free? – Page 9 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 9 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.

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.

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.

Proforma invoice – Page 9 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.

TaxScouts is now Taxfix.

Tax guides and articles

TaxScouts is now Taxfix.

Looking for tax help?