top of page

Tax Resources

Expand your knowledge of Tax by reading the tax resources and contact us for any further enquiry.

HMRC Tax Resources & Useful Links

Click on the page links below to visit relevant tax resources.

HMRC Homepage

Once you’ve set up an account, you can sign in for things like your personal or business tax account, Self Assessment, Corporation Tax, PAYE for employers and VAT.

Marriage Allowance Calculator

As a couple, find out how much tax you would save if you applied for Marriage Allowance this year.

Apply for Marriage Allowance

Marriage Allowance lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner. It’s free to apply for Marriage Allowance.

Self Assessment Bills

Sign in to get your Unique Taxpayer Reference (UTR) and view what you owe.

Capital Allowances

Capital allowances are a type of tax relief for businesses. They let you deduct some or all of the value of an item from your profits before you pay tax.

Corporation Tax

You must pay Corporation Tax on profits from doing business as:

  • a limited company

  • any foreign company with a UK branch or office

  • a club, co-operative or other unincorporated association, for example a community group or sports club

Tax Calculator

Calculate your tax using the tax calculator.

Inheritance Tax

Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died.

Individual Savings Accounts (ISAs)

You can save tax-free with Individual Savings Accounts (ISAs).

There are 4 types of ISA:

  • cash ISA

  • stocks and shares ISA

  • innovative finance ISA

  • Lifetime ISA

Private Residence Relief

Any individual is entitled to the relief on any gain arising on the disposal of their only or main residence. This is provided that, in calculating the amount of the gain that would be a chargeable gain if the relief did not exist, no account would have to be taken of any Gift Hold-Over Relief obtained under section 260 of the Taxation of Chargeable Gains Act 1992 by any person for an earlier disposal.

VAT

VAT (Value Added Tax) is a tax added to most products and services sold by VAT-registered businesses.

Businesses have to register for VAT if their VAT taxable turnover is more than £90,000. They can also choose to register if their turnover is less than £90,000.

Capital Gains Tax

Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.

It’s the gain you make that’s taxed, not the amount of money you receive. For example, if you bought a painting for £5,000 and sold it later for £25,000, you’ve made a gain of £20,000 (£25,000 minus £5,000).

National Insurance

You pay National Insurance contributions to qualify for certain benefits and the State Pension.

You need a National Insurance number to make sure your National Insurance contributions and tax are recorded against your name only.

Tax Free Milage Allowance

These rates represent the maximum tax-free mileage allowances for employees using their own vehicles for business. Any excess is taxable. If the employee receives less than the statutory rate, tax relief can be claimed on the difference.

bottom of page