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We've scoured the web to get you the most up-to-date advice which includes the most useful tools on offer from the officials themselves.

Effective tax planning is essential if you are to minimise your tax bills. Simple tax planning can significantly reduce your tax liabilities.

The self-assessment tax return is an unavoidable burden if you are liable for self-employed tax or have complicated income tax affairs.

Corporation tax is charged on a company's profits. If you trade as a limited company, ensure that paying this tax is as painless as possible.

National Insurance Contributions (NICs) are payable whether you are self-employed or employed by your own company, although different rates apply.

As well as your legal obligations, you’ll want to ensure that payroll is painless and that you use any opportunities to improve your tax-efficiency.

VAT

Effective VAT planning aims to ensure that VAT is relatively painless, and that you are reclaiming as much as possible of the VAT you pay.

Capital gains are made when you sell something for more money than you paid for it. As a result, you can be subject to tax. Take professional advice.

Business property taxes apply to businesses with commercial premises.There are two commercial property taxes: business rates and stamp duty land tax.

If you have tax problems or face a tax investigation, it pays to seek professional advice and you must act rather than just hoping for the best.

UK taxpayers urged to get on the HMRC app

4 November 2024

HMRC has launched a new advertising campaign promoting the app to coincide with Talk Money Week.

This Talk Money Week (4 - 8 November), taxpayers are being urged to "Do One Thing" and get on the HMRC app to save time and simplify managing their money and tax.

More than 1.7 million people are already using the HMRC app every month, which enables users to access services such as making a Child Benefit claim, finding your National Insurance number and a tax calculator to estimate your take-home pay.

Between July and September 2024, 711,382 new users downloaded the app, and there was a 39% increase in app activity compared to the same period last year - up from 20.93 million sessions to 29.22 million. And nearly £300 million has been paid to HMRC via the app so far this financial year.

HMRC is encouraging anyone who hasn’t yet downloaded the free and secure HMRC app, one of the UK’s top-rated finance apps, to do one thing and get on it today.

The most popular features used on the app between July and September this year were:

  • Check State Pension contributions - 1.9 million sessions
  • Manage Child Benefit - 1.6 million sessions
  • View annual tax summaries- 1.4 million sessions

Myrtle Lloyd, HMRC’s Director General for Customer Services, said:

"One of the main priorities for HMRC is improving its customer services and this incredibly useful and user-friendly app is a great example of how tax can be made much easier for people.

"Whether you’re a student looking for your National Insurance number or a new parent wanting to claim Child Benefit, the HMRC app has a range of tools for you, at your fingertips. I urge everyone to download it today."

The HMRC app is rated 4.7/5 and 4.8/5 respectively on the Google Play and Apple Store and ranks among both of their top ten finance apps.

HMRC has launched a new advertising campaign today aimed at 18-34-year-olds to "get on it" with the app, showcasing how it can help them remain in control of their tax affairs and finances amidst their busy daily lives. This includes an attention-grabbing new advert streaming on multiple video on demand channels that can also be viewed on the HMRC YouTube channel.

Written by Mike Sullivan, press support officer, HMRC.

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