The SA302 is a statement that HM Revenue & Customs (HMRC) issues to show how much tax you owe. This is called a self assessment return. You must complete it every year to tell HMRC how much money you earned during the previous financial year. If you earn less than £50,000 per annum, you don’t…
The SA103 is the document you need for paying tax on income from self employment. If you’re a sole trader, it’s usually just one form. But if you run a small business, you’ll need both forms. The short version, called SA 103S, can be used by most people who work for themselves. How can I…
What is an R85? An R85 form allows you claim tax relief on interest earned on savings accounts or current account held within the UK. You can only apply for this form once every 12 months. If you are claiming interest on a loan taken out in another EU member state, it doesn’t matter where…
What is a P11D? Benefits in kind are becoming increasingly popular among employers. They offer employees a number of perks including free gym membership, free travel passes and holiday allowances. But many people don’t realise just how much money they could save. A recent survey found that one in five Brits do not understand the…
What is an R40 form? An R40 form is required if you want to reclaim tax paid on investments. You can do this if you earn less than £50,000 a year, and it’s worth doing if you make large sums of money from investments. If you don’t claim it, HMRC will keep the money. The…
There are different ways to pay class 2 national insurance. Some people choose to self assess, while others opt for another method. When you pay through self assessment, you’ll be sent an invoice showing what you owe and the amount you’ve already paid. You can pay online, over the phone or via post. If you’re…
Authorizing someone to deal with the UK tax authority, HM Revenue & Customs (HMR), on your behalf is free. You simply need to fill out a form online and make a payment in advance. This allows you to avoid having to wait for HMRC to contact you and arrange a meeting. If you do decide…
What is an SA101 form? The Self Assessment 101 form is one of many forms used by HM Revenue & Customs (HMRC). These are designed to make it easier for taxpayers to complete their returns. They include a number of different questions about how much you earned, what type of income you received and whether…
If you’re thinking about filing your 2017/18 income tax return, here are some helpful tips to make sure you get everything done on time. 1. File your self assessment tax return online You’ll find the SA100 form in the Online Services section of the HMRC website. You can either fill it out yourself or download…
The Securities Exchange Act of 1934 requires reporting companies to file reports with the SEC under certain circumstances. These reports are generally filed electronically with EDGAR. However, some filings must be submitted on paper. This course provides information about the filing requirements applicable to public companies. Topics include the types of reports required; how to…