Cash in hand – beware

September 27, 2016 | by Sian Kelly | No comments

It is sometimes mistakenly believed that you do not need to tell HMRC about payments that you receive in cash. This is not the case and regardless of whether you work for yourself or for someone else, earnings that you receive in cash are taxable in the same way as income paid by cheque, credit card or by bank transfer.

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Reducing your payments on account

April 26, 2016 | by Sian Kelly | No comments

Under the self-assessment system, an individual is required to make payments on account. These are essentially advance payments towards the individual’s tax bill.

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