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.
TAX
Are You Too Late To Claim a Tax Repayment?
Claims for repayment of tax are usually made via submission of a tax return, e.g. a self-assessment repayment claim is by completion of the section
As a owner/director of an SME, what is the most tax efficient way for me to pay myself?
Whether to pay yourself through salary or dividends remains one of the most important tax-planning decisions for SME owners. It can have a big impact
As the end of the tax year approaches, what should I check to maximise my tax allowances?
Q: As the end of the tax year approaches, what should I check to maximise my tax allowances? A: Many tax allowances reset on the 6th of
August Key Tax Dates 2022
1 – Individual taxpayers who have not paid their remaining tax liabilities for 2020/21 face a further 5% penalty, in addition to the 5% penalty suffered
August Key Tax Dates 2024
6th Final deadline for businesses for filing P11Ds for employees 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary
August Key Tax Dates 2025
1st Corporation Tax payments are due for companies with a year-end of 31st October. 19th For employers operating PAYE, this is the deadline to send
Avoid Capital Gains Tax When Near the Limit
Q. I’m close to going over the capital gains tax limit. How can I avoid a bill? A: It is important to remember that capital gains tax
Axe Falls on Tax Benefits for Furnished Holiday Lets
The Government has published a policy paper confirming the abolition of the Furnished Holiday Lettings (FHL) tax regime. It will mean that property investors will
Beware of Electronic Sales Suppression
Electronic sales suppression (ESS) is the use of software or hardware tools to manipulate the sales recorded by an electronic point of sale (EPOS) device,
Budget to Bring Tax and Mortgage Changes?
It’s nearly that time again when the Chancellor of the Exchequer rises to his feet to address the House of Commons to deliver the latest
Can Employing A Family Member Save Tax?
Regardless of your business structure (sole trader or limited company) employing a spouse/ civil partner (or any other family member) can be one of the
Can foreign pensions remain untaxed in Spain under the Beckham Law?
Q. Can foreign pensions remain untaxed in Spain under the Beckham Law? A. I have lived in the UK for over 20 years but now live in
Can I Claim Capital Allowances in my Accounts to 31st December 2006?
My company accounts year ended on 31st December 2006. I ordered a new machine on 22nd December and received an invoice on 24th December for
Can I Claim Capital Allowances on the Cost of Acquiring New Boats?
I own a number of house-boats which are permanently moored and are let as holiday accommodation. Can I claim capital allowances on the cost of
Can I Claim Entrepreneurs’ Relief on Ordinary Share and Preference Share?
I recently sold my 60% share in a trading company that I’ve been a director of for over 20 years. The sale included ordinary shares
Can I Claim Marriage Allowance if My Husband Isn’t Working?
Q: My husband has been out of work for a year, so his income has dropped below the Personal Allowance. Is it correct that I can
Can I Claim Rent-a-Room Relief for Income on my Personal Tax Return?
I operate my own company from a room in my own home, and charge the company a small amount of rent for the space it
Can I Claim Tax Deduction for the Motorcycle Purchased by the Company?
My company has bought a classic motorcycle as an investment. Can it claim a tax deduction for the cost? If the motorcycle is kept at
Can I Claim Tax Relief for Repaying My Trading Company’s Overdraft?
I gave a personal guarantee for the overdraft of my property development company. Unfortunately, the company went bust and I had to repay the overdraft
Can I Claim the Cost of Books Purchased Against Tax?
I am employed to teach a few courses at a further education college and I buy a few books each year to help prepare for