Blog Posts

Tax

Tax can be complicated, especially if you’re running your own business. Find online help and free resources to help you understand different types of tax for your business, including Capital Gains Tax and income tax. Learn more about tax relief you might be eligible for, and the allowances and grants available, as well as how to pay your bill.

UK Tax Rates, Thresholds and Allowances for the Self-Employed

UK Tax Rates, Thresholds and Allowances for the Self-Employed

Read our guide to the current UK tax rates and thresholds affecting sole traders, limited companies, partners and partnerships, employers, and...

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Can I Use the Trading Allowance?

Can I Use the Trading Allowance?

You can use the trading allowance even if you receive an income from other sources, such as an employer. For example,...

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What Is A Tax Reference Number?

What Is A Tax Reference Number?

Each employer and pension provider has a unique reference number which identifies their tax records with HMRC – one of many...

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Where Can I Find My Unique Taxpayer Reference (UTR) Number?

Where Can I Find My Unique Taxpayer Reference (UTR) Number?

Along with your name and date of birth, HMRC uses unique reference numbers to help them locate and manage your tax...

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Can I Do My Own Tax Return?

Can I Do My Own Tax Return?

Lots of people submit their own Self Assessment tax return for all sorts of reasons. In this article we’ll go over...

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Is There a Tax Allowance for Property Income?

Is There a Tax Allowance for Property Income?

If you earn income from a property you own, you may need to register with HMRC and pay tax on your...

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Time To Pay: Can I Request an Extension if I Can’t Pay My Tax Bill?

Time To Pay: Can I Request an Extension if I Can’t Pay My Tax Bill?

HMRC launched the Time to Pay arrangement scheme to help individuals and businesses struggling to pay their tax bill on time....

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What is Depreciation?

What is Depreciation?

Depreciation is the declining value of a fixed asset throughout its usable life. It’s used in accounting to spread the cost...

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Access HMRC Online: Government Gateway ID and GOV.UK One Login

Access HMRC Online: Government Gateway ID and GOV.UK One Login

You’ll need to register and sign in to use HMRC’s online services so you can access things like your Personal Tax...

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Tax for Creators and Patreon Users

Tax for Creators and Patreon Users

Are you working as a creator? Perhaps as an artist, musician, writer, game designer, or even a podcaster? If so, it’s...

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Paying Tax on your Gambling Income

Paying Tax on your Gambling Income

Whether you bet once a year at the Grand National, or you’re a regular who wins big every evening playing poker,...

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Will I Pay Tax If I Sell My Business?

Will I Pay Tax If I Sell My Business?

In short – yes, it’s likely you’ll need to pay tax if you sell your business. The amount of tax you...

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