personal taxatation Archives - Page 21 of 52 - Whitefield Tax - Isle of Wight Accountants

Directors Self Assessment – To file or not to file?

by Jessica Garbett | Feb 28, 2019 | ACCA, business taxation, personal taxatation

HMRC’s U-turn on the requirement to file tax returns by directors. HMRC has made changes to its guidance on the requirement to file tax returns by directors. The guidance now makes a clearer statement that is more closely linked to the legislative requirement and the...

Do all landlords need to complete a tax return?

by Jessica Garbett | Feb 14, 2019 | ACCA, business taxation, personal taxatation

An examination of when an individual does not require to complete a tax return for their rental income. Not necessarily, it depends. How much tax is payable depends on the level of profits and the personal circumstances of each individual. In this article we discuss...

The Scottish rate of tax

by Jessica Garbett | Jan 18, 2019 | ACCA, business taxation, personal taxatation, property taxation

A recap on who, what and when to help with 2017-18 SA tax returns. Scottish income tax is paid if the taxpayer lives in Scotland. It’s paid to the Scottish government. This sounds straightforward but the devil is in the detail. Who pays Scottish income tax? For most,...

Marriage allowance and married couple’s allowance

by Jessica Garbett | Jan 16, 2019 | ACCA, personal taxatation

Taxpayers may be missing out on tax reliefs for 2017-18. Let’s examine the rules regarding the different allowances, eligibility and what happens when changes occur. Taxpayers living in the UK are entitled to a personal allowance and – if married or in a civil...

Claiming business expenses on the 2017-18 tax return

by Jessica Garbett | Jan 14, 2019 | ACCA, business taxation, personal taxatation

A recap on what can/cannot be claimed. In general, an expense incurred wholly and exclusively for the purposes of the trade can be claimed while computing taxable profits of the business. Expenses must be for business purposes only and any private use element should...

Useful tax elections and claims for 2017-18

by Jessica Garbett | Jan 9, 2019 | ACCA, business taxation, capital taxation, HMRC, personal taxatation, property taxation

A timely reminder heading into self assessment season. Main residence nomination s222 (5a) Taxation of Chargeable Gains Act 1992 (TCGA 1992) Taxpayers with two or more residences may choose which property is to be treated as their main residence for capital gains tax...

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Directors Self Assessment – To file or not to file?

Do all landlords need to complete a tax return?

The Scottish rate of tax

Marriage allowance and married couple’s allowance

Claiming business expenses on the 2017-18 tax return

Useful tax elections and claims for 2017-18

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