Update January 2023: Making Tax Digital MTD for income tax has been delayed by two years until April 2026. On 1st April 2021, the soft-landing period for eligible businesses over the VAT threshold to comply with Making Tax Digital (MTD) for VAT will come to
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If you as an expat sole trader want to prepare for the 2021/22 tax year, then look no further than Rishi Sunak’s much-talked-about Budget. In it, the Chancellor promised to do whatever it takes to protect jobs and livelihoods, and outlined how the government intends
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Update January 2023: Making Tax Digital MTD for income tax has been delayed by two years until April 2026. Time to get ready for the new tax year. The UK tax year starts on 6th April and runs to 5th April the following year. It’s
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Chancellor Rishi Sunak yesterday unveiled the nations finance plan in the Budget 2021. British Expat Money take a look at what this means for the self-employed. Budget 2021 Key announcements Two further SEISS grants will be paid to the self-employed in 2021; 600,000 of the
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The government have announced a route out of the pandemic in England, however it continues to impact our way of life and it’s never been so important to manage finances and plan ahead. Understanding the latest tax changes and how they will affect you can
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Update January 2023: Making Tax Digital MTD for income tax has been delayed by two years until April 2026. Can you really afford to leave your self-assessment tax return until 28th February? If you have income from being a self-employed landlord, freelancer or sole trader
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Update January 2023: Making Tax Digital MTD for income tax has been delayed by two years until April 2026. There are always people who prefer paper-based accounting and self-assessment, reluctant or uninterested to learn to use new tools, they prefer physical copies over digital documents.
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Expat landlords make money from renting out their property to others. This means they will need to complete an annual Self-Assessment tax return form (which tells HMRC how much Income Tax they will owe on any earnings) and submit it before the 31st January deadline.
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Update January 2023: Making Tax Digital MTD for income tax has been delayed by two years until April 2026. If you have earnings outside of PAYE, you might be familiar with the Government Gateway system. It’s HMRC’s portal for Self-Assessment users and, come January, it’s
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