Child benefit and paying the HICBC
The High Income Child Benefit Charge (HICBC) claws back child benefit if the recipient and/or their partner earns more than the threshold. For 2026/27, the charge applies once adjusted net…
Do deadlines matter for tax refunds?
Not all taxpayers owe money – sometimes they are due a repayment. This may be for a number of reasons and the method by which that repayment is obtained varies…
More timely payment of ITSA
Over the summer, HMRC consulted on proposals for the timelier payment of income tax due under Self-Assessment (ITSA). Currently, taxpayers within Self-Assessment must pay their income tax and any Class…
Do I need to pay tax on income from my side hustle?
Many people are taking on a side hustle to make ends meet. This can take various forms, such as selling items online, providing services or creating content. You may need…
Cash basis for landlords
As for unincorporated trading businesses, the cash basis is the default basis of accounts preparation for landlords running an unincorporated property business. However, unlike traders, landlords can only use the…