BS Associate Team – BS Associates Blog

2024–25 Self-Assessment: HMRC Changes, Key Dates, and What UK Taxpayers Should Know

Leave a Comment / Self Assessment tax return / BS Associate Team

For UK taxpayers, the Self-Assessment season can feel overwhelming especially when the rules change or deadlines approach quickly. This guide breaks everything down clearly, with step-by-step guidance to help you confidently file your 2024–25 Self-Assessment tax return online before the deadline of 31 January 2026. Whether you are self-employed, a landlord, earning through a side […]

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UK Inheritance Tax – Chargeable and Non-Chargeable Assets

Leave a Comment / Property taxes / BS Associate Team

This memorandum summarises the assets chargeable and non-chargeable for UK Inheritance Tax (IHT), distinguishing between UK-domiciled (or deemed-domiciled) individuals and non-UK-domiciled individuals. 1. Overview UK Inheritance Tax (IHT) applies based on domicile, not merely residence. UK-domiciled or deemed-domiciled individuals are taxed on worldwide assets, while non-UK-domiciled individuals are taxed only on UK-situated assets. 2. UK-Domiciled

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Companies House ID Verification Deadline UK 2025: A Must-Read for London Directors

Leave a Comment / News / BS Associate Team

If you’re a company director in London, an important compliance change is coming your way. By 18 November 2025, all UK company directors must complete their Companies House ID verification. It’s part of the UK government’s move to improve business transparency and reduce financial fraud. While it may sound like another admin task, failing to

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UK Tax Residency Checklist (Statutory Residence Test – SRT)

Leave a Comment / Tax Save Tips / BS Associate Team

This checklist is designed to help individuals and businesses understand how HMRC determines UK tax residency under the Statutory Residence Test (SRT). It is an essential tool for non-UK taxpayers, expatriates, and internationally mobile individuals who want to confirm their tax position and avoid unexpected UK tax liabilities. Our firm uses this as part of

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Register for Self Assessment by 5 October 2025 – Avoid HMRC Penalties

Leave a Comment / Self Assessment tax return / BS Associate Team

If you’re earning money outside of regular PAYE employment whether through self-employment, property rental, freelancing, or even side hustles you may need to register for Self Assessmentwith HMRC. This is HMRC’s way of tracking and collecting tax on income that isn’tautomatically taxed at source. To get started, you must register by 5 October 2025 so

Payroll in the UK: Regular Payroll vs Tronc Payroll – A Complete Guide for Employers

Leave a Comment / accounting tips, Business Tax, Tax Save Tips / BS Associate Team

What is Payroll and How Does It Work in the UK? Payroll is the process that ensures your employees are paid accurately and on time. But it’s much more than just issuing wages. In the UK, payroll involves calculating salaries, deducting PAYE income tax, managing National Insurance Contributions (NICs), and reporting everything to HMRC. Here’s

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6 Things You Should Know About Making Tax Digital for Income Tax

Leave a Comment / HMRC News / BS Associate Team

Making Tax Digital (MTD) for Income Tax will be one of the largest changes to personal tax in a generation.It’s not only an improvement to how we report taxes it’s a fundamental transformation towards a digital system that will make managing tax easier, quicker, and more transparent. This will require landlords and sole traders to

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Key Self-Assessment and MTD for Income Tax Deadlines You Shouldn’t Miss

Key Self-Assessment and MTD for Income Tax Deadlines You Should not Miss

Leave a Comment / Business Tax, Tax Save Tips / BS Associate Team

Staying on top of your tax obligations is essential to avoid penalties, interest charges, and unnecessary stress. With Making Tax Digital (MTD) reshaping how individuals and businesses manage their tax records, keeping a clear timeline of important dates is more important than ever. This guide outlines the key upcoming deadlines for Self-Assessment and MTD for Income Tax

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Understanding HMRC Tax Enquiries: Types, Triggers & How to Respond

Leave a Comment / HMRC News / BS Associate Team

If the enquiry is simple and you’re confident with your records, you may handle it yourself.However, for anything more than a basic check, it’s strongly recommended to work with a tax advisor or accountant. They understand HMRC procedures, can represent you, and may help reduce or eliminate penalties. At Brayan & Spencer Associates Ltd, we

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VAT Treatment of Private Tuition: What Every UK Tutor Must Know

Leave a Comment / News, VAT / BS Associate Team

In the UK, thousands of individuals earn their living as private tutors—teaching everything from maths and English to science, music, and languages. But whether you tutor full-time or part-time, understanding how VAT (Value Added Tax) applies to your tuition services is essential. This guide breaks down the VAT rules for private tutors in simple, easy-to-understand

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Author name: BS Associate Team