Sinclair Day

October 4, 2017

Tax on foreign income

Income Tax is generally payable on taxable income received by individuals in the UK, including earnings from employment, earnings from self-employment, pensions income, interest on most savings, dividend income, rental income and trust
October 4, 2017

Self-employed – claim rate per mile for use of car

There are simplified arrangements in place for the self employed (and some partnerships) to claim a fixed rate deduction for certain expenses where there is a mix of business and private use. The simplified expenses regime is not available to limited
October 4, 2017

Benefits and limitations of the VAT Flat Rate Scheme

The VAT Flat Rate scheme (FRS) has been designed to simplify the way a business accounts for VAT, and in so doing, reduces the administration costs of complying with the VAT legislation. Using the FRS, you simply pay VAT as a fixed percentage of
October 4, 2017

Self Assessment e-filing deadline

As existing Self-Assessment tax filers will be aware, the deadline for online submission of your 2016-17 Self Assessment tax return is 31 January 2018. This is also the date that the payment is due for the balance of any Self Assessment liability for