Personal Tax

How are limited company dividends taxed?
If you are a limited company shareholder, you may have to pay personal tax on any dividend income you receive. This article outlines how company dividends are taxed. [March 30, 2009]

Personal tax planning tips for the 2008/9 tax year end
With the end of the 2008/9 tax year fast approaching, leading business advisors Deloitte, provide some advice on how to claim the maximum personal tax relief available. [March 26, 2009]

Tax planning guide for the 2008/9 tax year
This comprehensive guide to 2008/9 year-end tax planning covers dividends, income shifting, personal income, directors loan accounts, pensions, investments, EIS schemes, venture capital trusts, CGT, IR35, capital assets, inheritance tax, charity donations, gifts, and property. [February 17, 2009]

What if you can't pay your tax liabilities by 31st January?
As the downturn continues to cause cashflow problems for many businesses and individuals in the UK, a leading accountancy firm warns people who can't meet their tax return liabilities by month-end to take action now. [January 26, 2009]

Some useful tips to help complete your tax return
Now that the festive season is out of the way, you can no longer put off completing your tax return. Here are some useful self assessment tips from a leading accountancy firm. [January 5, 2009]

Tax considerations of letting out your home
Many small business people may at some time consider letting part or all of their homes - this article sets out a number of the tax considerations you will need to consider. [November 10, 2008]

Filing tips as self assessment paper return deadline nears
With the deadline for paper self assessment returns only days away (31st October), the ICAEW Tax Faculty has provided some useful tips for getting it right. Those submitting online have until 31st January 2009 to complete their returns. [October 23, 2008]

HMRC to take it easy on late filers of paper SA returns this year
Instead of issuing automatic late filing penalties, HMRC are to allow taxpayers to submit a "reasonable excuse" for submitting their paper tax returns on time this year. [October 13, 2008]

Top 10 self assessment tax return tips
With a new-look self assessment tax return on the cards this year, Pricewaterhousecoopers has produced a helpful ten-step guide to help business owners get their returns right. [October 1, 2008]

No more prepaid envelopes as HMRC encourages online filing
HMRC is continuing its campaign to encourage taxpayers to file online by phasing out the pre-paid envelopes normally supplied with self assessment forms. [September 25, 2008]

Self Assessment - Prepare your paperwork in advance
Whether you're filing your self assessment return online, or if you're sticking with the paper return, you can save yourself a lot of hassle by getting prepared in advance. [September 15, 2008]

New 31st October deadline for paper self assessment returns
HMRC have set an earlier deadline to taxpayers who submit a paper self assessment form this year. If you submit online, the usual 31st January deadline still applies. [August 21, 2008]

Don't be startled by HMRC's self assessment online glitch
The ICAEW has warned taxpayers paying their second payment on account for the 2006/7 tax year not to be startled when checking the amount they owe on the HMRC website, following a technical glitch. [July 21, 2008]

Self Assessment form-filling set to become less "taxing"
Millions of new look tax returns are being sent out over the next few weeks, following a revamp of the main self assessment tax return. [April 22, 2008]

End of tax year - small business checklist
A leading accountancy firm has urged small business owners to ensure they are making the most of available tax allowances prior to the end of the tax year on 5th April. [March 31, 2008]

Self Assessment deadline extended to midnight, Feb 1st 2008
Following 'technical difficulties' suffered by HMRC's online self assessment system, the deadline for filing tax returns has been extended to midnight on February 1st 2008. [January 31, 2008]

FSB calls for Revenue to be more lenient on tax return late filers
It is estimated that 10% of the 4.5 million small businesses in the UK will not submit their self assessment tax return form by the 31st January deadline. The FSB says the fines late payers have to incur are an unncessary burden on the UK's small companies. [January 25, 2008]

Self Assessment - 11 Tips to get ahead of the taxman
Andy Hardy demystifies the tax returns process and offers top tips on how you can ensure you don’t get caught out by the taxman. [January 17, 2008]

Basic income tax rate reduction - some potential downsides
On 6 April 2008 the basic rate of income tax will reduce from 22% to 20%. More importantly the starting rate of 10% is abolished from the same date. Here are some possible adverse affects of these changes [January 15, 2008]