Author: Wojciech
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SA100 Form 2026: Everything You Need to Know for Your Self Assessment
The SA100 Form is the main Self Assessment tax return document used by HM Revenue and Customs (HMRC). You use it to declare the money you earned during the 2025/2026 tax year (which ran from 6 April 2025 to 5 April 2026) so HMRC can calculate how much tax you owe. In short: if your…
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Accountant Fees for Small Business: Are You Paying Too Much?
Are you paying too much? The short answer: If you run a standard UK limited company and pay more than £300 to £400 a month for basic services, or if you are a sole trader paying over £150 a month, there is a good chance you are overpaying. However, the cheapest option isn’t always the…
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How much is the fine for not declaring rental income?
If you’re a landlord in the UK and haven’t declared your rental income to HMRC, the fines can range from 0% to 100% (or even more for offshore income) of the unpaid tax, depending on why the income wasn’t declared and whether you tell HMRC yourself or they find out first. Understanding the Penalties HMRC…
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How to declare previous years rental income UK
If you need to fix your tax records for past rental income in the UK, the best and safest way is to use HM Revenue and Customs (HMRC)’s Let Property Campaign. This is a special scheme that allows you to voluntarily tell HMRC about unpaid taxes, correct your record, and pay what you owe with…
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Unexpected HMRC Savings Tax Bills? Here is What to Do Next
If you have just received an unexpected letter from HM Revenue & Customs (HMRC) asking for tax on your savings interest, do not panic and do not ignore it. Here is exactly what you need to do right now to sort it out: Why did I get this bill? For a long time, interest rates…
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Where can I find a list of MTD-compliant accounting software options?
Finding the Right MTD Software for Your Self-Employed Business If you are wondering where to find a reliable list of Making Tax Digital (MTD) compliant accounting software, the answer is simple: head straight to the official HMRC website (gov.uk). HMRC maintains an up-to-date, approved list of all the software providers that connect smoothly with their…
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What to Do When HMRC Wants Tax Money Back: A Complete Guide
If HM Revenue and Customs (HMRC) contacts you to say you owe them tax money, the very first thing you need to do is check if their calculation is correct. Do not panic, but do not ignore the letter or bill either. Compare their figures against your own records (like your payslips, P60, or tax…
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What is the HMRC warning for anyone with over 3500 savings in their bank account?
The HMRC warning is a heads-up that having £3,500 or more in savings could mean you owe tax on the interest you earn. Because interest rates have gone up, your money grows faster, meaning you could easily earn more than your tax-free limit. If this happens, your bank automatically tells HMRC, and you could be…
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How to find a qualified tax advisor for sole traders
The most reliable way to find a qualified tax advisor as a sole trader is to search the official online directories of recognised professional bodies—such as the AAT (Association of Accounting Technicians)—and verify that the advisor is registered as an official tax agent with HMRC. This guarantees you are hiring someone with proven training who…
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What is Certificate of Tax Position?
A Certificate of Tax Position is a formal document sent by HM Revenue & Customs (HMRC) asking you to make a declaration about your offshore income and assets. If you receive one, it means HMRC has received information suggesting you might have money, property, or investments overseas, and they want you to confirm whether your…