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Questions And Answers

Read our expert answers to your questions

Landlord handing over keys

I have been renting out a house for several years but have never told HMRC.

How should I declare this unreported income from renting my property to HMRC?

1 min read

Last updated 20 Aug 2021 | First published 20 Aug 2021

Business woman on laptop

What should I do if I have made a mistake on my VAT return?

1 min read

Last updated 20 Aug 2021
First published 20 Aug 2021

Business owner on laptop

What is my accounting reference date?

1 min read

Last updated 20 Aug 2021
First published 20 Aug 2021

Capital Gains Tax written on paper

I have sold a residential property but why do I have to report this to HMRC?

1 min read

Last updated 20 Aug 2021
First published 20 Aug 2021

SEISS calculator

How do I work out turnover to allow me to claim a fifth SEISS grant?

4 min read

Last updated 27 Jul 2021
First published 27 Jul 2021

Business credit

Receiving interest when lending your company money

1 min read

First published 21 Jul 2021

VAT

Claiming input VAT after deregistration

1 min read

Last updated 21 Jul 2021
First published 21 Jul 2021

Do I need to pay tax on bank interest that I have received?

Do I need to pay tax on bank interest that I have received?

1 min read

Last updated 26 May 2021
First published 28 Feb 2020

Looking after staff

New employers and Auto Enrolment

1 min read

Last updated 26 May 2021
First published 10 Aug 2017

Is it a hobby or a trade?

Is it a hobby or a trade?

1 min read

Last updated 26 May 2021
First published 2 May 2019

Can I claim legal fees chasing payments as a tax deduction?

Can I claim legal fees chasing payments as a tax deduction?

1 min read

Last updated 25 May 2021
First published 30 Oct 2019

Can I use the property allowance on rent I receive from my company?

Can I use the property allowance on rent I receive from my company?

1 min read

Last updated 25 May 2021
First published 4 Oct 2019

I didn't pay any expenses or benefits - do I need to file a P11D/P11D(b)?

I didn't pay any expenses or benefits - do I need to file a P11D/P11D(b)?

1 min read

Last updated 25 May 2021
First published 3 Jul 2019

Pensive barber

Making a taxable loss claim

1 min read

First published 24 May 2021

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