If you freelance anywhere in the UK, one vital tax question you will have is: Do freelancers need to file a self employed tax return with HMRC? So long as you meet some income limits, and are registered as self-employed. When you know you obligation and file your accurate self employed tax return on time, you can avoid penalties and maximize your allowable tax reliefs. This easy guide covers everything freelancers need to know about the process, due dates, and how professional help from Quick Tax Returns can make it a speedy and hassle-free affair. Understanding Self Employment and Tax Responsibilities. According to HMRC, you are self-employed if you earn money from your own business or freelance work rather than working under a contract. If you earn money doing freelance…
UK landlords and property investors must understand what Capital Gains Tax (CGT) is. This is vital if you sell your rental property or a second home. Determining tax implications is not always straightforward but it is fair to say that with the help of property gains tax calculator, you can instantly learn your tax liability. In this blog post by Quick Tax Returns, we will look closer at how the property gains tax calculator works, and how it impacts your landlord self assessment tax return, and other obligations with HMRC. What is Capital Gains Tax on Property? You only have to pay Capital Gains Tax when you sell or otherwise dispose of a valuable asset for a profit (or “gain”). Property owners, who do not actually live in a property…
Becoming a taxi driver gives you independence and flexibility and lets you interact with customers. With a little guidance, tax obligations can become a real headache. Even if you drive for part-time income or alongside other jobs, you must keep compliant with HMRC. This article shows you the typical mistakes you will make, how you can avoid them, how to construct a return quickly and correctly with minimum hassle and maximum legitimate claim. Having a clear plan will save you time, reduce your stress levels, and enable you to reinvest more of your money back into your business. Taking stock of the lay of the land will make you feel confident when you file, and it will enable you to claim every eligible expense without running the risk of delaying…
When British taxpayers find out they’ve overpaid tax, knowing how to make a tax refund claim HMRC can change everything. If you are an employee, self-employed person, landlord, or director, knowing if you are eligible for a tax refund and how to claim means that you keep more of what is yours and don’t get stressed when tax season comes around. You will find below a complete, researched and actionable guide to easy and accurate claiming of taxes. Quick Tax Returns makes this process seamless, swift and consistent. What is a Tax Refund? The tax refund is the amount of money refunded to you when HMRC (His Majesty’s Revenue & Customs) has received over tax or you are entitled to certain tax reliefs. If your employer takes too much tax,…
Property taxes can be annoying to face as it can be complex to deal with. It feels like a maze at times. The yearly HMRC rental income tax return is your chance to declare income, claim legitimate expenses, and make sure you’re paying the right amount of tax. Efficient compliance is about optimising your payments and avoiding penalties. This guide provides practical steps that have been tried and tested. It helps simplify the process and makes the most of every allowance and relief. Understanding the HMRC rental income tax return HMRC requires landlords to submit a rental income tax return through the self-assessment scheme. You must report your rental income, allowable expenses and any other property income. When done accurately, it allows you to pay the right amount of tax…
It is important to file a partnership’s tax return correctly, otherwise, you can fall out of compliance with HMRC and lose out on allowable deductions. For fast and hassle-free tax returns, business owners should avoid these common mistakes, which can save time, stress and penalties. If you’re looking for a partnership tax return, you’ve come to the right place. In this article, we discuss 7 common mistakes and how to avoid them when filing a partnership tax return so that you amend it efficiently. You can safeguard the cash flow of your partnership while ensuring smooth functioning and timely delivery of services by knowing these issues. Mistake 1: Failing to Have the Individual Partner Returns Partners share profit of a partnership. Therefore, partners send each their own ‘self-assessment’ tax return.…
It can be very difficult for taxi drivers to navigate the tax system in the UK, particularly when it comes to figuring out their employment status. One of the most frequent queries is are taxi drivers are automatically self-employed by automatically, or if they can legally work as employees. This distinction is important because it affects drivers’ workplace rights, allowable deductions, and how they handle their tax returns. The intricacies of taxi driver employment status, a taxi driver tax return example, and how expert services like Quick Tax Returns offer prompt, accurate, and hassle-free help with self-assessment tax returns specifically designed for taxi drivers are all covered in this comprehensive guide. Why UK Taxi Drivers’ Employment Status Is Important In the UK, a taxi driver’s status as an employee or…
Unlike in the UK where every company director must channel their personal income from salary, dividends and any other sources through a self-assessment tax return, the process is far less clear in many jurisdictions. If you want help with your company tax return that is delivered quickly to you at a reasonable price with accuracy, a dedicated service like Company Director Self Assessment Tax Return from Quick Tax Returns streamlines the process. This blog highlights why you need to send your tax return to a specialist, what to expect and how to get the maximum relief as well as avoiding falling foul of the law. What is a credit Suisse self-assessment tax return for company directors? Self assessment for a company director is the yearly submission to HMRC declaring a…
Taxi drivers cover everything from traditional black cab drivers to modern ride-hailing app drivers like Uber and they are a cornerstone of transportation in the UK. Taxi tax UK question: how much tax dao taxi drivers pay and what exactly is involved in taxi driver tax UK? This complete guide will explain exactly what taxi drivers should understand about tax and how services such as Quick Tax Returns can help to make filing simple, accurate and fast. Understanding Taxi Driver Tax UK Regardless of whether you drive a traditional black cab or you drive for Uber, you are subject to the UK tax system of HMRC and you must complete a self-assessment of your taxes. As a self-employed taxi driver you have to report all your earnings, expenses and pay…
It is more important than ever for landlords to understand the taxation of buy-to-let properties. Knowing how the recent and upcoming changes will affect your rental income and tax obligations will help you safeguard and optimize your profits. From how much landlord tax do I pay to helpful advice on filing your taxes, including a thorough of a landlord tax return example, this blog will address all the questions landlords have. The professional, knowledgeable service provided by Quick Tax Returns, which is intended to complete your tax return in a timely and accurate manner, will also be highlighted throughout this guide. Significant Tax Changes for Buy-to-Let Properties Impacting Landlords in 2025 and Later The taxation of buy-to-let properties has been impacted by a number of significant reforms implemented by the…