Author: Wojciech
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What Is a CT600 Form? CT600 Online Filing and How to File Without Software
If you run a limited company in the UK, you will normally need to file a Corporation Tax return with HM Revenue & Customs (HMRC). The main form used for this is called the CT600, but the CT600 is only one part of the complete Company Tax Return. The rules have also changed recently. Since…
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How to File Dormant Company Accounts – AA02 form
If you have a limited company that is not trading and has little or no financial activity, you may be able to file dormant company accounts with Companies House rather than preparing a full set of trading accounts. However, being dormant does not mean that you can simply ignore the company. A dormant limited company…
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What Are Micro Entity Accounts?
If you run a very small limited company in the UK, you may be able to prepare and file micro entity accounts instead of full statutory accounts. This is one of the simplest reporting options available and is designed to reduce the amount of information that the smallest companies need to prepare and file each…
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You Will Need to Change the Way You Report Your Income and Expenses to HMRC
If you have received a letter from HMRC saying “You will need to change the way you report your income and expenses to HMRC,” it means you are likely being brought into Making Tax Digital (MTD) for Income Tax. This is one of the biggest changes to the UK tax system in recent years, and…
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SA800 Partnership Tax Return – What It Is, When You Need It, and Where to Send It
If you run a business as a partnership in the UK, you may need to complete an SA800 Partnership Tax Return each year. Unlike a sole trader, a partnership has its own tax return that reports the business income and expenses, while each partner also reports their share of the profits on their own Self…
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What is SA108 form?
The SA108 form is the Capital Gains Summary pages that form part of a UK Self Assessment tax return. You use these pages to tell HMRC about capital gains and capital losses that you made during the tax year. The SA108 pages are not a separate tax return. Instead, they are completed and submitted together…
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How to calculate foreign tax credit relief UK?
Foreign Tax Credit Relief If you earn income from another country while you are a UK taxpayer, you may find yourself paying tax twice on the same income. This can happen if the foreign country charges tax first and the UK also taxes that income as part of your Self Assessment tax return. Foreign Tax…
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What is SA106 form?
The SA106 form is the Foreign pages of a UK Self Assessment tax return. You use it to tell HMRC about income and gains that come from outside the UK. The form is completed alongside your main SA100 tax return, rather than being submitted on its own. Not everyone needs to complete SA106. It is…
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What Is SA105 Form? UK Property Income and Self Assessment Explained
If you receive income from property in the UK, you may need to tell HMRC about it through Self Assessment, and one of the forms you are likely to come across is the SA105 form. The name can make it sound more complicated than it really is, because SA105 is simply the property section of…
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SA103S or SA103F: Which Self-Employment Form Do You Need?
If you are self-employed in the UK and complete a Self Assessment tax return, you may come across two forms called SA103S and SA103F. Both are used to report self-employed income and expenses to HMRC, but they are designed for different types of businesses. The names can make them sound more complicated than they really…