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Registering for Self Assessment
If you are new to Self Assessment and need to submit a tax return for 2024/25, you will need to register for Self Assessment.
Dec 11
•
Asif Patel
Checking your tax code
The tax code is fundamental to the operation of PAYE.
Dec 7
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Asif Patel
Major repairs to a let property – What is deductible?
The nature of buildings is such that it may be necessary to undertake significant repairs, such as the replacement of the roof, or even underpinning the…
Dec 4
•
Asif Patel
November 2025
Tax implications of letting a room in your home
As the cost of living rises, you may consider letting a room in your home to bring in some much-needed additional income.
Nov 30
•
Asif Patel
Capital allowances for cars
Cars are a special case when it comes to capital allowances.
Nov 27
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Asif Patel
Autumn Budget 2025 - A Clear Breakdown of the Key Tax Changes
The Chancellor has unveiled an extensive package of tax changes—some taking effect immediately, others phased in over the coming years.
Nov 26
•
Asif Patel
Relief for post-letting expenses
All good things come to an end, and a property rental business is no exception.
Nov 23
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Asif Patel
The tax position when partners do not receive the profit share they are allocated
In a partnership, the activities are considered to be conducted by the individual partners rather than the partnership itself, as a partnership is not a…
Nov 20
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Asif Patel
The tax consequences of not repaying an 'illegal dividend'
Dividends can only be declared out of a company’s available undistributed profits and even if the bank account is in credit as at the date of…
Nov 16
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Asif Patel
Dealing with a Simple Assessment letter
Simple Assessment is used by HMRC to collect tax underpayments from taxpayers with straightforward tax affairs.
Nov 13
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Asif Patel
Tax implications of failing to pay rent on a property held in a SIPP
Using a Self Invested Personal Pension (SIPP) to hold commercial property which can be rented to your personal or family company can be beneficial.
Nov 9
•
Asif Patel
1
Credit notes or VAT bad debt relief claim – which?
Bad debts pose a significant challenge for every business.
Nov 5
•
Asif Patel
1
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