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Questions And Answers

Read our expert answers to your questions

Woman builder in heard hat and hi viz vest holding a drill

Should I use the VAT flat rate scheme?

I run a self-employed business as a builder, my annual turnover is approximately £100,000. I am registered for VAT as my turnover exceeds the threshold, and I wonder if I should use the flat rate VAT scheme.

1 min read

First published 3 Jul 2024

Woman talking on a phone surrounded by boxes

What are the VAT changes to Amazon fees?

 0 min read

First published 17 Jun 2024

Blonde woman sat at desk with laptop surrounded by paperwork

When do I need to sign up for Making Tax Digital for Income Tax Self-Assessment?

 1 min read

First published 13 Jun 2024

Woman on a phone in a room being decorated

Does my P11D have to go on my tax return?

 1 min read

Last updated 1 Jun 2024
First published 7 Jan 2020

A couple walking into a cottage bedroom

Do you have to report UK property income to HMRC?

 1 min read

First published 30 May 2024

Smiling businesswoman holding an tablet computer

What is the tax return threshold for high earners?

 1 min read

First published 15 May 2024

Elderly couple standing outside with a bungalow in the background

Tax when you sell your home

 2 min read

Last updated 3 May 2024
First published 6 Jul 2018

A female carpenter smiling while working on her workbench.

How do I register as self-employed with HMRC?

 2 min read

Last updated 25 Apr 2024
First published 25 Apr 2024

A man and woman of pensionable age discussing a document while sat on a sofa with a laptop in the foreground.

Is the state pension taxable?

 2 min read

First published 22 Apr 2024

A woman chef smiling while looking at her laptop

What is a tax code?

 2 min read

Last updated 10 Apr 2024
First published 6 Apr 2020

Business person at work

How much corporation tax should I pay?

 2 min read

Last updated 10 Apr 2024
First published 28 Nov 2022

Debit card reader on top of some pound notes

Should I use the cash basis for my accounts?

 1 min read

Last updated 9 Apr 2024
First published 5 Apr 2024

A woman baker holding a tablet behind a counter

What are the changes to company size classifications?

 1 min read

First published 27 Mar 2024

Yellow notepad with Capital Gains Tax written on a white page

Is Capital Gains Tax reducing?

 1 min read

Last updated 14 Mar 2024
First published 14 Mar 2024

A row of stone cottages by a river

What does the abolishment of Furnished Holiday Lets mean for me?

 1 min read

Last updated 11 Mar 2024
First published 11 Mar 2024

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