Our faq's

Simply contact us, we’re always happy to assist.

‍

You may be able to set up a Time to Pay arrangement with HMRC.

‍

A Unique Taxpayer Reference, required for Self Assessment. HMRC issues this after registration.

‍

Respond promptly. If you're unsure how to proceed, we can assist with communication and compliance.

‍

You can amend your return through HMRC online within 12 months of the original filing deadline.

‍

Most company directors do, unless they meet HMRC’s limited exemption criteria.

‍

Yes, all rental income must be reported unless it falls within specific allowances.

‍

Typical claims include repairs, mortgage interest (restricted), insurance, agent fees, and service charges.

‍

Costs incurred wholly and exclusively for business purposes, such as materials, travel, office costs, and professional fees.

‍

Yes, if you fall under MTD rules, you must maintain compliant digital records.

‍

You can view your tax calculation and balances through your HMRC online account.

‍

By 5 October following the end of the tax year in which you started trading.

‍

You must register if you’re self-employed, a landlord, or receive income not taxed at source.

‍

They are advance payments towards next year’s tax bill, based on your current year’s liability.

‍

HMRC may charge penalties and interest, which increase the longer the payment or return is overdue.

‍

You can pay by bank transfer, Direct Debit, online banking, debit/credit card, Faster Payments, or via your HMRC online account.

‍

Payment is due by 31 January, with a second payment on account (if applicable) due on 31 July.

‍

Online returns must be filed by 31 January each year.

‍

HMRC requires most records to be kept for at least 6 years.

‍

You should keep receipts, invoices, bank statements, rental statements, payroll records, and any documents that support income or expenses.

‍