self assessment

UK government in unexpected tax surplus for January

The UK unexpectedly recorded a budget surplus in January, in part due to an increase in self assessment Income Tax receipts. Markets had...

Self Assessment - Allowable Expenses

If you are self employed and receive any income though dividends, shares or savings you have to submit a self assessment tax return. Self...

Self Assessment deadline

HMRC have issued a reminder to taxpayers that the self assessment deadline is approaching. Self Assessment taxpayers have until 31...

HMRC raises late payment interest from 11 October 2022

Following the Monetary Policy Committee decision to increase the Bank of England base rate to 2.25%, HMRC announced increases to both...

MTD for income tax pilot extended

The pilot for Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is being extended by HMRC to more self-employed workers and...

Partners and sole traders in UK face bigger tax bills in 2022

The Institute of Chartered Accountants in England and Wales (ICAEW) has predicted that almost 250,000 partners and 280,000 sole traders...

STYLES & ASSOCIATES