Big Tax Changes for Furnished Holiday Lets – What You Need to Know If you own a Furnished Holiday Let (FHL) in the UK, brace yourself. From 6 April 2025, the beloved (and let’s be honest, tax-efficient) FHL regime is being scrapped. Gone. Vanished. Just like your dream of retiring early on rental income. Here’s […]
Category Archives: Self Assessment
Please find below a PDF of our Top Five Pitfalls to avoid for maximum profit and success
So MTD for ITSA (Making Tax Digital for Income Tax Self-Assessment) is upon us, but what does this mean? Basically, from April 2026 (changed from 2024), if your total gross income from self-employment and property exceeds £50,000 in a tax year (income exceeding £30,000 will be phased in from April 2027), you will need […]
Self-Assessment (ITR) Time Is Here – Here’s What You Need to Know Yes, I know, self-Assessment season is often associated with January. But did you know you can actually start filing your tax return from as early as 6 April? And you have until 31 January the following year to complete and submit it, a […]
Now on the contrary to popular belief this is not some kind of Urinary tract infection (as much as it may sound like one) it is in fact your Unique Taxpayer Reference. Cue lights coming down from the sky, in an all hail manner bathing you in a warm glow of understanding. Yea right. Still […]