Tax Update: Changes to National Insurance
In our previous articles, we mentioned some changes in taxation during the autumn statement. For sole traders, a significant change is the partial cancellation of National Insurance contributions. This will alleviate financial and tax pressures for approximately 2...
Time to Report Your Foreign Income
Self-assessment tax return deadline is approaching. Have you considered declaring the often-overlooked income? If you reside in the UK but have income from abroad, you must pay UK income tax on it. How do you determine residency and which foreign income needs...
Tax Return Season for Landlords
With another tax return season approaching, it’s crucial to get informed and take action promptly. If you earn rental income in the UK, you are obligated to pay income tax as per regulations. Similar to self-assessment tax returns, the final deadline is January...
Autumn Statement 2023
On this Wednesday, the Chancellor in the UK delivered the Autumn Statement and provided forecasts on the current economic situation. In this statement, apart from detailing the economic conditions, significant changes in taxation and expenditure were announced. Among...
