HMRC

tax bill
  • Posted July 16, 2020

How much money should I put aside for my Personal Tax Bill?

Estimating how much you need to save for your end of year tax bill can be tough, especially if your business has quite a few expenses. If your freelance business provides a service like tutoring or marketing, you may have limited expenses and you will take home a large part of what you turnover. However, […]

can I claim mileage back
  • Posted September 9, 2019

Can I reclaim VAT on business mileage?

Advisory Fuel Rates – VAT element If you are a VAT registered business, you can use HMRC’s advisory fuel rates to calculate the amount of VAT you can reclaim on the fuel element of business mileage.   Advisory fuel rates are used to calculate: The amount of VAT your business can reclaim on business mileage […]

Is my call from HMRC a scam
  • Posted January 23, 2019

SCAM! Is my call from HMRC a scam?

Is my call from HMRC a scam is a question we have been asked a number of times this year, and we want to warn all of our readers in the dramatic increase in the number of scammer pretending to be calling from HMRC. According to BBC Radio 5 Live’s’ “Wake up to Money” programme […]

Rent a room
  • Posted February 25, 2016

HMRC’s clampdown on undeclared income

In July 2015 HMRC launched a campaign to clampdown on individuals and businesses who let out rooms in their homes on the internet or sell goods on sites such as Amazon, ebay or etsy without paying tax. Many people who use these sites are unaware that they should be completing a self-assessment tax return for […]