Income Tax

This article focuses on the various ways individuals in the UK can cut their income tax bill on their investment profits. They include National Savings and Investments (NS&I), Individual Savings Accounts (ISAs), Junior ISAs, Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Venture Capital Trusts, Self-Invested Personal Pensions (SIPPs), and Small Self-Administered Schemes (SSASs).

Let Property Campaign is HMRC’s disclosure initiative mitigating tax evasions or errors amongst residential property landlords and settling their tax affairs.

What it means to be self-employed, how to correctly determine employment statuses, which kinds of tax to pay, how much the tax rates for 2023-24 tax year are, and more—all these are outlined in this article.

Keeping profits and losses in view, there is quite a need for the landlords to know the tips on how to Reduce Paying Tax on Rental Income.

In this article, UK taxpayers will get to know their subtle differences, what kinds of tax they are charged at, when they have to be paid, their allowances threshold, and how much taxes are imposed on them.

Renting out a property by circumstance, not by plan, makes one an accidental landlord. This article gives a comprehensive guide on everything landlords need to know and do when they become one.

This article serves as a complete guide on income tax for non-resident landlords, comprehensively discussing all that entails being one.

IR35 aims to mitigate tax evasion amongst contractors by finding the “disguised employees.” This article helps contractors accurately determine their statuses.

This article serves as their guide on computing self-employed income tax rate, determining what tax allowances they may be eligible for, familiarizing the income tax rates and bands for the previous and current tax years, and filing their income tax return.

This article shows how it is possible for the self-employed to decrease their income taxes legally through various means, which includes contributing to their pension, giving donations to charity, making use of tax-deductible expenses, offsetting annual losses, claiming previously overpaid taxes, and more.