Is your income approaching £100,000?
If you estimate that your taxable income for 2014-15 will marginally exceed £100,000, perhaps for the first time, you should consider your options. If your income does exceed £100,000 then for every £2 that your income exceeds this amount your personal tax allowance...Self Assessment Penalties
No one likes the idea of getting a penalty from HMRC. I have explained below the most common penalties and how to avoid them. Self Assessment returns need to be filed by anyone whom HMRC has sent a notice to, generally: ~ company directors ~ self employed / partners...The non-resident landlord scheme
Under which circumstances should tenants pay their landlord’s tax direct to HMRC? There is an obligation on letting agents and tenants to operate the non-resident landlord scheme (NRL scheme) under certain conditions. Letting agents of a non-resident landlord must:...A precious gift
A gift to a charity or community amateur sports club (CASC) is precious in many ways. It expresses your appreciation in a beneficial way and potentially helps the charity/CASC continue doing what they do into the future. If you decide to gift aid your donation it also...
David K Crossley CTA, ATT
Member of the Chartered Institute of Taxation