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Questions And Answers

Read our expert answers to your questions

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What is Making Tax Digital for Income Tax?

I’ve heard people mention Making Tax Digital (MTD) for Income Tax, is this relevant to my business?

1 min read

Last updated 8 Oct 2021 | First published 26 Aug 2021

Mobile Phone

What tax is due if you supply your staff with a mobile phone?

1 min read

Last updated 7 Oct 2021
First published 6 Oct 2020

Filing corporation tax

Are accounts and a corporation tax return needed if my company is dormant?

1 min read

Last updated 26 Aug 2021
First published 26 Aug 2021

woman doing accounts

When do I need to file my accounts by?

0 min read

First published 26 Aug 2021

woman on a computer

Do I need to use software for my tax records?

1 min read

First published 25 Aug 2021

Landlord handing over keys

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

Business credit

Receiving interest when lending your company money

1 min read

First published 21 Jul 2021

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

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

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

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

Pensive barber

Making a taxable loss claim

1 min read

First published 24 May 2021

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