Welcome to the AccoTax Help Centre
Search for answers to your questions by entering keywords below, or scroll down to look through our knowledge base.
News
VAT Margin Scheme for Car Dealers
Brexit has introduced a VAT border between Great Britain and Northern Ireland, the implications of which are still being worked through. From 1 May 2023,
Voluntary NIC Payment Deadline Extended Again
In April 2023, we gave you the good news that the government had extended the deadline for paying voluntary National Insurance contributions (NIC) to fill
Watch Out for Data Thieves’ Latest Scam
Scammers are targeting people’s online tax accounts and attempting to steal sensitive personal data, HMRC officials have warned. It’s been reported by the Institute of
Welcome IZENR (aka National Insurance Relief in Investment Zones)
An initialism that will soon fall smoothly from our tongues is IZENR, HMRC’s description of Investment Zone Employer NICs Relief. This applies in payroll systems from
What Are the Tax Implications of Removing My Name from Property Deeds?
In 2010, I took out a mortgage to buy my daughter a property in Birmingham for her to live in. Both of our names are
What are the Tax Rules for Inherited Jointly-Owned Property?
Q.2 What are the tax rules around jointly-owned property? I inherited a commercial property in Birmingham from my father, which he co-owned with his sister
What Does the End of P11D Forms Mean for My Business?
Q: My business has always used P11D forms for reporting benefits-in-kind. We don’t payroll benefits currently. But I’ve heard the rules are changing. What does this
What Is Form 17 for Landlords and How Do You Qualify?
Q: I’ve heard about landlords using “Form 17” to reduce their tax bill on rental income. What is it and how do you qualify? A: Form 17
What Is My Personal Savings Allowance After Redundancy?
Q: I was made redundant part way through the last tax year. I was a higher rate taxpayer but now live on income from my savings.
Where Does HMRC Get Its Information From?
With tax revenues down and a significant budget deficit arising from the Covid-19 pandemic, it will not come as a surprise to learn that HMRC
Why Am I Paying Tax on My Pension for the First Time?
Q: For the first time in my life, I am paying tax on my pension. It is not a huge amount, but I am wondering
Will I Pay Tax on Rent-a-Room and Investment Income?
Q.3 Rent-a room and investment income: Will I be subject to any tax? If I earn more than £7,500 from rent-a-room but the excess of
With unspent pensions being included in my estate for inheritance tax purposes from next year, how can I reduce my estate’s value below £2m so that I don’t lose the residence nil-rate band?
With the Inheritance Tax (IHT) threshold being frozen until 2031 and pensions being included in the IHT calculation from April 2027, more estates are finding
£148m in Tax Bills to be Paid in Instalments
As the Self-Assessment Income Tax deadline looms (31 January), HMRC has revealed that many people have opted into a scheme to pay their tax bills