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HMRC shares 5 common reasons for helpline calls

HMRC shares 5 common reasons for helpline calls

by | Oct 24, 2024 | Income Tax

There are a little over three months remaining to file your self-assessment tax return online for 2023-24. The deadline is 31 January 2025. As this date approaches, an increasing number of individuals are reaching out to HMRC’s helpline for help.  To...
Take goods with you to sell abroad

Take goods with you to sell abroad

by | Oct 24, 2024 | HMRC notices

There are specific customs requirements for commercial goods that you take with you to sell abroad. You must declare any goods intended for sale outside the UK, whether they are in your baggage or a private vehicle. The regulations for commercial goods or samples...
VAT recovery from car leasing payments

VAT recovery from car leasing payments

by | Oct 24, 2024 | Value Added Tax

The VAT treatment of motor expenses is an important concern for any business that incurs VAT on these costs. Below, we highlight key points to consider regarding the recovery of input tax (VAT) when leasing vehicles. We have covered below some important points to be...
Changing your tax return

Changing your tax return

by | Oct 24, 2024 | Income Tax

If you have submitted a self-assessment return and later realise you need to make changes, there are specific rules to follow. This situation might arise if, for instance, you entered a number incorrectly or omitted certain information from your self-assessment...