self-assessment

This category contains 3 posts

Making Tax Digital is almost here

Making Tax Digital for Business (MTDfB) starts 01 April 2019 for VAT-registered businesses over the VAT threshhold, and from 01 April 2020 for all others. To get my clients ready – whether mandated to submit tax returns in 2019 or later – I will be test-driving various software from the published list of approved providers … Continue reading

A small blow to Individuals – Self Assessment

From 13 January 2018, HMRC will stop accepting payments by personal credit card. This means you need to have the money in your bank account to cover your dues if relying on the Jan 31 deadline. On one hand, it’s a good move since credit card interest is much higher than what HMRC imposes for … Continue reading

What your Tax Code means

Letters in your tax code refer to your situation and how it affects your Personal Allowance. Letter What it means L You’re entitled to the standard tax-free Personal Allowance M Marriage Allowance: you’ve received a transfer of 10% of your partner’s Personal Allowance N Marriage Allowance: you’ve transferred 10% of your Personal Allowance to your … Continue reading

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