In this, the sixth and final episode of our first series, Govinder Saimbhi of UK tax authority HMRC provides essential information about key government initiative Making Tax Digital for Income Tax Self Assessment (MTD for IT) and explains how it could affect you if you’re a sole trader or UK landlord. 

Topics discussed include:

● Why MTD for ITSA is being introduced by HMRC. 

● When it will be introduced and who it will affect first.

● How MTD for ITSA will change tax data recording and reporting requirements for many sole traders and UK landlords.

● How you may be able to claim exemption from MTD for ITSA.

● Where you can find out more about MTD for ITSA.

In this fifth episode of the series, GoSimpleTax’s very own expert, Technical Director Mike Parkes, provides unmissable tips to help you get your Self Assessment tax return completed in six simple steps.

Topics discussed include:

•  How to register for Self Assessment so you can file a tax return. 

•  How to improve your knowledge so that it’s easier to complete your Self Assessment tax return.

•  What information you’ll need to hand to complete your Self Assessment tax return.

•  When and where to complete your Self Assessment tax return.

• Where you can get support and why using Self Assessment tax return software makes good sense.

In this fourth episode of the series, GoSimpleTax’s very own expert, Aiden Corcoran, Personal Tax Senior, provides unmissable tips to help you get your Self Assessment tax return completed correctly by avoiding common errors. Aiden has worked as an accountant and tax adviser for more than a decade. Topics discussed include:

•  Which Self Assessment tax return mistakes are most common. 

•  What can happen if you make common Self Assessment tax return mistakes.

•  How filing your tax return early can prevent common Self Assessment tax return mistakes.

•  Why it’s important not to rush when completing your Self Assessment tax return.

•  How using Self Assessment filing software can prevent you from making mistakes.

About GoSimpleTax

The Tax Tea Break podcast is brought to you by GoSimpleTax – award-winning software that provides an easier way to complete and file your Self Assessment tax return. It comes with free support from GoSimpleTax’s very own Self Assessment experts, helping to ensure that your tax returns are mistake-free.

Find out more by visiting www.gosimpletax.com and be sure to check out the GoSimpleTax blog, which is also packed with free tax and Self Assessment tips and information.

In this episode, GoSimpleTax’s very own Aiden Corcoran, Personal Tax Senior, provides unmissable money-saving tax tips. Aiden has worked as an accountant and tax adviser for more than a decade. Topics discussed include:

·  The importance of claiming all of your UK landlord allowable expenses.

·  Key reasons why some UK landlords fail to claim all of their allowable expenses.

·  What makes an expense allowable for tax purposes.

· UK landlord expenses that are allowable for tax purposes and those that aren’t.

·  When and how UK landlords can claim Replacement Domestic Items Relief.

About GoSimpleTax

The Tax Tea Break podcast is brought to you by GoSimpleTax – award-winning software that provides an easier way to complete and file your Self Assessment tax return. It comes with free support from GoSimpleTax’s very own Self Assessment experts, helping to ensure that your tax returns are mistake-free. 

Find out more by visiting www.gosimpletax.com and be sure to check out the GoSimpleTax blog, which is also packed with free tax and Self Assessment tips and information.

In this episode, we speak to Mark Allsopp, accountant and highly experienced member of BDO’s expat team. As well as being a leading accountancy firm, BDO provides personal tax planning advice and its clients include many expat Brits.

Topics discussed include:

·      When to tell HMRC that you’re moving to live permanently overseas.

·      Common sources of income subject to UK tax when you’re an expat Brit.

·      Paying tax on money you earn from the overseas country in which you live.

·      How to plan for tax on inheritance, capital gains and selling a UK business.

·      Where to get tailored tax advice and how to report income to HMRC. 

The Tax Tea Break with GoSimpleTax podcast series is presented by leading small-business and tax content expert Mark Williams. It’s a brand new six-part series packed with tax tips and need-to-know information about tax that’s aimed at sole traders, private landlords, expat Brits and others who pay UK tax via Self Assessment.

All you have to do is bring some biscuits. 

The Tax Tea Break podcast is brought to you by GoSimpleTax – award-winning software that provides an easier way to complete and file your Self Assessment tax return. It comes with free support from GoSimpleTax’s very own Self Assessment experts, helping to ensure that your tax returns are mistake-free. Find out more by visiting www.gosimpletax.com and be sure to check out the GoSimpleTax blog, which is also packed with free tax and Self Assessment tips and information.

It’s a brand new six-part series packed with tax tips and need-to-know information about tax that’s aimed at sole traders, private landlords, expat Brits and others who pay UK tax via Self Assessment.

 In this trailer you can find out:

• which topics are covered in each 20-minute episode
• which tax experts will appear in each 20-minute episode 
•  what makes Tax Tea Break with GoSimpleTax different to other tax content.

The Tax Tea Break with GoSimpleTax podcast provides free time- and money-saving tax and Self Assessment tips for sole traders, private landlords and Expats. All you have to do is bring some biscuits.

About GoSimpleTax

The Tax Tea Break podcast is brought to you by GoSimpleTax – award-winning software that provides an easier way to complete and file your Self Assessment tax return. It comes with free support from GoSimpleTax’s very own Self Assessment experts, helping to ensure that your tax returns are mistake-free.

Find out more by visiting www.gosimpletax.com and be sure to check out the GoSimpleTax blog, which is also packed with free tax and Self Assessment tips and information.