Questions And Answers

Read our expert answers to your questions

A woman holding a piece of paper in front of a laptop and calculator.

What are the consequences if I pay tax late?

I am newly self-employed and have been rather unorganised this year. I have just managed to get my tax records in order and arranged to have my tax return filed by the deadline, but I haven't set enough cash aside to pay my tax. What are the consequences of paying my tax late?

1 min read

Last updated 16 Feb 2026 | First published 30 Jan 2020

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How do I amend my tax return?

1 min read

Last updated 13 Feb 2026
First published 1 Feb 2017

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I can’t file my self-assessment tax return by 31st January, will I get a penalty?

1 min read

Last updated 12 Feb 2026
First published 25 Jan 2022

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What is the 60% tax trap?

3 min read

Last updated 28 Jan 2026
First published 13 Feb 2024

Woman photographer holding a camera while sat on the corner of her desk

When is the tax return deadline?

1 min read

Last updated 26 Jan 2026
First published 20 Sep 2024

Man cutting a woman's hair in a salon.

Do I have to complete a self-assessment tax return?

3 min read

Last updated 9 Jan 2026
First published 18 Oct 2022

Office team sat around in a semi-circle discussing

Can you payroll benefits in kind?

1 min read

Last updated 16 Dec 2025
First published 3 May 2024

A bearded man wearing an orange jumper standing inside a flower shop.

Can I register for VAT when I incorporate to reclaim sole trade expenses?

2 min read

Last updated 11 Dec 2025
First published 11 Dec 2025

A woman with a pile of boxes looking at a laptop.

Will my new limited company need a new VAT number?

1 min read

Last updated 11 Dec 2025
First published 1 Jul 2016

A couple in their 30s discussing a document at a table with a laptop.

How will the changes to pensions salary sacrifice in the Budget 2025 affect my business?

2 min read

First published 27 Nov 2025

Man holding a clipboard standing in a car showroom.

What were the changes for company cars and vehicles in the Budget 2025?

2 min read

First published 27 Nov 2025

blonde woman doing Christmas crafts

Do I need to pay tax on my Christmas side hustle?

2 min read

First published 20 Nov 2025

Man with curly hair looking at a laptop in a record store

How do I verify my identity online for Companies House?

2 min read

Last updated 7 Nov 2025
First published 7 Nov 2025

Worried man sat at a desk pondering what he has seen on his laptop.

Is HMRC monitoring on my emails?

1 min read

First published 5 Nov 2025

Woman wearing a blue shirt sat at a desk with a laptop in the foreground.

Is Companies House ID verification a benefit for tax purposes?

3 min read

Last updated 3 Oct 2025
First published 3 Oct 2025

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