Rent a Room Scheme – another income stream

Rent a Room Scheme – another income stream

by | Mar 27, 2024 | Personal

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home to create a valuable tax free income stream. If you are using this scheme, you should ensure that rents received from lodgers during the current tax year do...
Cost of living final payment 2023-24

Cost of living final payment 2023-24

by | Feb 22, 2024 | Personal

The Cost of Living support package has been designed to help over 8 million households in receipt of means tested benefits. The details of Cost of Living Payments due in the 2023-24 tax year were published in 2023 and have recently been updated with details...
Setting up a payment plan with HMRC

Setting up a payment plan with HMRC

by | Jan 9, 2024 | Personal

The 31st of January is a key date for those of us who are registered for self-assessment. There are three deadlines: The closing date to file your 2022-23 tax return without incurring an initial £100 late filing penalty. The date by which any balance of tax,...