Are you looking for an online accounting services company in the UK? The benefits of doing business online become more evident. Online accounting provides several key benefits to small and medium-sized businesses. It cuts expenses by streamlining the process for all of your financial transactions. It is a good option if you want total control of your finances. Online accountants are becoming increasingly popular in the UK, as more and more businesses are turning to digital solutions to manage their finances. Online accountants provide a range of benefits for businesses of all sizes, from sole traders to large corporations. In this article, we will discuss the benefits of online accountants in the UK. Benefits of Online Accountants It Helps You Save on Payroll Taxes Online accounting services company can help you save on payroll taxes. By reducing your annual tax bill you will be able to pay down your debt faster. Also, it will increase your profit margins, reduce tax costs, and expand your business. The best part about all this is that online accounting services are affordable and ideal for smaller businesses that wish to cut their annual budget costs. Proven Track Records and Affordable Prices There are many options available for small business owners. To get the best online accounting service, you have to find one with proven track records and affordable prices. There are several outsourced accounting services firms available online today. These firms hire professionals to conduct all the necessary calculations and bookkeeping for your small business. Ability to Make Better Business Decisions One of the major benefits of using an online accounting services company is the ability to make better business decisions. You can obtain accurate financial reports and make better business decisions with the assistance of a professional. Online accounting firms can help make better business decisions. They can make better business decisions by utilizing current and accurate financial reporting. This will allow them to provide you with better financial reports and make better business decisions. Save Time and Reduce Costs One of the biggest benefits of online accounting services is the amount of time that they can save. Traditional accounting processes can be time-consuming, involving manual data entry, paperwork, and multiple trips to the accountant's office. Online accounting services streamline the accounting process, allowing businesses to save time and focus on more important aspects of their business. Most small business owners cannot afford to hire a full-time accountant. However, if they use good accounting services, they can make better business decisions and at the same time reduce the costs associated with maintaining a full-time accountant. Online accounting firms can help small business owners cut expenses associated with maintaining a full-time accountant. The online accounting firms will perform the necessary accounting and bookkeeping tasks for small business owners. This will result in significant cost savings as well as increased profits. Online accounting services can be a cost-effective option for businesses, as they are often more affordable than traditional accounting services. Many online accounting services offer flexible pricing plans, allowing businesses to choose a plan that fits their budget. In addition, online accounting services can help businesses save money on software and hardware costs, as they often include accounting software as part of their services. It Allows Small Businesses to Achieve Greater Flexibility Online accounting services allow small businesses to achieve greater flexibility. This enables small business owners to maximize their productive capacity. Online accounting services also enable you to save a significant amount of time. Many accounting services offer 24-hour online customer support, which enables customers to get quick assistance when they need it. Well Versed With All the Rules and Regulations As you would expect, an online tax accountant in London will be well-versed in all the rules and regulations that govern the UK tax system. Therefore, you must ensure that you find someone with the appropriate legal qualifications for the job. This makes it imperative that you conduct a thorough background check on any prospective CPA or Chartered Accountant before you make any decisions. The internet is a great tool to use when looking for an accountant in London. There are many online forums and professional bodies that offer a platform for accountants and CPAs to interact. It Assists You in Producing Accurate Financial Reports If you want to make better financial reports, you need to make accurate financial reports. A good outsourcing online firm can assist you in producing accurate financial reports. This will enable you to provide accurate financial reports to your clients and various other stakeholders. These reports can be used for decision-making purposes and for analyzing the performance of the business. Accessible Anywhere Online accountants can be accessed from anywhere with an internet connection, making it easy for businesses to manage their finances on the go. This is particularly useful for businesses with remote teams or multiple locations, as it allows everyone to access financial data from the same platform. Better Collaboration Online accountants can improve collaboration between accountants and business owners. With online accounting services, accountants can work with their clients in real time, making it easier to collaborate on financial data and provide advice. This can help businesses make better decisions about their finances and ensure that they are compliant with accounting regulations. It Helps Businesses Achieve Greater Control Over Cash Flow and Budgets For small businesses, an accounting firm offers valuable managerial accounting services. Small businesses often lack the expertise to produce their accounting reports. Management and tax preparation services offered by an online accounting service provider can help small businesses achieve greater control over their cash flow and budgets. This will increase productivity and profitability and at the same time enable small businesses to provide accurate and reliable financial reports to their clients. It Reduces Complexity One of the benefits of outsourced online accounting services is cost reduction. Since an accounting service provider offers services on a contract basis rather than on a full-time basis, it can save money on the part of the business. Accounting services are often very complex and time-consuming. An outsourced online company can reduce this complexity by offering its services on a part-time or hourly basis. This way, you don't have to wait for a long duration to get your accounting work done, which will save you a lot of time and money. It Helps Large Corporations to Cut Costs While Maintaining Quality Service Online outsourced accounting services have a great potential to benefit not only small businesses but large corporations as well. It can help a large corporation to cut costs while maintaining quality service. A large corporation can use online accounting to focus on core activities, allowing it to concentrate on increasing its profit margin. On the other hand, small businesses can utilize online accounting to spend more time and attention on core activities and increase profit margins. The Rise of Globalization and the Internet These are just some of the reasons why online accounting is becoming so popular these days. The rise of globalization and the internet has also made the task of hiring accounting professionals and managing financial reporting easier for businesses. Hiring accounting professionals from a local business outsourcing company can make things easier for small businesses and midsize companies since they can get their accounting and bookkeeping services from a professional service provider located in any corner of the world. Scalability Online accountants can easily scale to meet the needs of businesses as they grow. As businesses expand, they may require more advanced accounting services, such as payroll processing or inventory management. Online accountants can provide these services, allowing businesses to scale up their accounting processes without having to switch to a new provider. Data Security Online accountants offer robust data security measures to protect sensitive financial information. Many online accounting services use encryption, firewalls, and other security measures to prevent unauthorized access to financial data. In addition, online accountants often provide regular data backups, ensuring that businesses can recover their financial data in the event of a data breach or other disaster. Access to Expertise Online accountants often have a team of experts with a range of accounting and finance backgrounds. This means that businesses can access a range of expertise that may not be available with a traditional accountant. For example, businesses may be able to access expertise in areas such as tax planning, bookkeeping, and financial reporting. How Can Pro Tax Accountant Help? It’s a tough time for many companies right now, and rising prices seem like a wrong decision filling millions of people’s wallets. Pro tax accountant can help you with online bookkeeping and cash flow management. Call us on 07341371345 for more information about our services or click here for a free accounting consultation.

Form C384 is a document used in the UK to apply for the release of payment of customs duty or VAT on a private vessel. When importing a private vessel into the UK, you may be required to pay customs duty and VAT on the vessel's value. However, in certain circumstances, you may be eligible for relief from these charges. Form C384 is used to apply for this relief, allowing you to obtain the release of payment of customs duty and VAT on your private vessel. This form is only applicable to private vessels, not commercial vessels. Eligibility Criteria To be eligible for the release of payment, you must be able to demonstrate that your vessel is intended for private use and is not being used for commercial purposes. Additionally, you must be able to demonstrate that the vessel has been owned and used for a minimum period of time, which varies depending on the vessel's value and age. The form requires the owner or agent of the vessel to provide information about the vessel, including its registration number, tonnage, and value. Additionally, the owner or agent must provide information about the customs duty and VAT payment that they are requesting to be released. Once the form is completed, it must be submitted to HM Revenue and Customs (HMRC) for processing. HMRC will review the application and determine whether the owner or agent is eligible for the release of payment. If the application is approved, HMRC will release the payment of customs duty and VAT on the private vessel. If the application is rejected, the owner or agent will be provided with a reason for the rejection and may be required to provide additional information or documentation. How To Use Form C384 To Apply For The Release On Payment Of Customs Duty Or VAT On A Private Vessel In The UK Form C384 is a document that is used in the UK to apply for the release of payment on customs duty or VAT on a private vessel. If you are the owner of a private vessel and wish to apply for this release, it is important that you understand how to complete the C384 form. In this article, we will provide a step-by-step guide on how to use form C384 to apply for the release on payment of Customs Duty or VAT on a private vessel in the UK. Step 1: Obtain a copy of the C384 form The first step in using form C384 to apply for the release of payment on customs duty or VAT on a private vessel is to obtain a copy of the form. You can do this by visiting the HM Revenue and Customs (HMRC) website or by contacting them directly. Step 2: Complete the sections of the form The C384 form has several sections that need to be completed. The first section is the "Particulars of Owner or Agent" section. In this section, you will need to provide your personal details, including your name, address, and contact information. The second section is the "Particulars of Vessel" section. In this section, you will need to provide information about your vessel, including its name, type, registration number, and tonnage. The third section is the "Details of Customs Duty and VAT Payment" section. In this section, you will need to provide information about the customs duty and VAT payment that you are requesting to be released. This includes the amount of the payment and the date that it was made. The fourth section is the "Declaration" section. In this section, you will need to sign and date the form, confirming that the information you have provided is accurate and complete. Step 3: Submit the form to HMRC Once you have completed the C384 form, you will need to submit it to HMRC. You can do this by sending it by post or by submitting it online through the HMRC website. If you are sending the form by post, you should send it to the address provided on the form. If you are submitting it online, you will need to follow the instructions provided on the HMRC website. Step 4: Wait for a response from HMRC After you have submitted the C384 form, you will need to wait for a response from HMRC. If your application is successful, HMRC will release the payment of customs duty or VAT on your private vessel. If your application is not successful, HMRC will provide you with a reason for the rejection. You may need to provide additional information or documentation in order for your application to be approved. Therefore it is always a good idea to use the services of a professional tax accountant like Pro Tax Accountant. How to Get What Form C384 Form C384 can be obtained from the official website of the UK government's tax authority, HM Revenue and Customs (HMRC). The form can be downloaded from the HMRC website or requested by post. Click here to download the form, or you can visit the HMRC website and search for "Form C384" in the search bar. This will bring up the form in PDF format, which can be downloaded and printed for completion. Alternatively, you can request a copy of the form to be sent to you by post. To do this, you can call the HMRC VAT, Excise and Customs Helpline on 0300 200 3700. A representative will assist you in requesting a copy of the form to be sent to you by post. It is important to note that you should only use the most up-to-date version of Form C384, which can be found on the HMRC website. This will ensure that your application is processed quickly and accurately. Once you have obtained the form, you can complete it and submit it to HMRC for processing. It is recommended that you keep a copy of the completed form and any supporting documentation for your records. Conclusion Using form C384 to apply for the release of payment on customs duty or VAT on a private vessel in the UK can be a complicated process. However, by following the steps outlined above, you can ensure that you have completed the form accurately and submitted it to HMRC correctly. If you have any questions or concerns about the application process, it is recommended that you contact HMRC directly for assistance.

R44 is the form you need to fill out if you want to claim your right to a Seafarers’ Earnings Deduction (SED). R44 notifies the UK tax office of your intention to operate at sea and ensures that you do not pay too much income tax by issuing an NT tax number. The Seafarers National Insurance (NI) Code, also known as Form R44, is an important document issued by HM Revenue and Customs (HMRC) in the UK. It is used to claim a reduction in National Insurance contributions for seafarers who work on vessels operating outside UK territorial waters. In this article, we will discuss everything you need to know about the Seafarers NT Code, including what it is, who is eligible for it, and how to apply. How to Apply for the Seafarers NT Code? To apply for the Seafarers NT Code, seafarers must complete Form R44 and submit it to HMRC. The form can be downloaded from the HMRC website or obtained by calling the HMRC helpline. The form requires seafarers to provide details of their employment, including the name and address of their employer, the name and flag of the vessel they work on, and the dates of their employment. They must also provide evidence that they meet the eligibility criteria, such as a letter from their employer or a copy of their seafarer's discharge book. Once the form has been completed, it should be sent to HMRC along with any supporting documentation. HMRC will then review the application and, if approved, will issue the seafarer with a seafarer NT Code. How Does the Seafarers NT Code Work? The Seafarers NT Code works by reducing the amount of National Insurance contributions that seafarers have to pay when they are working on a vessel operating outside UK territorial waters. The reduction in contributions is equivalent to the number of contributions that would be paid if the seafarer was working in the UK. For example, if a seafarer's National Insurance contributions are normally calculated at a rate of 12%, the Seafarer NT Code will reduce this to 0%. This means that the seafarer will not have to pay any National Insurance contributions while they are working on a vessel outside UK territorial waters. It's important to note that the Seafarers NT Code only applies to National Insurance contributions and does not affect income tax or any other taxes that seafarers may be liable to pay. When Do I Have to Fill in R44 Form? If you are considering applying for seafarer payroll deductions, you must meet all of the following criteria: ● You live in the UK; ● If you are employed (PAYE); ● If you work onboard a ship that is classified as a "ship" within the meaning of the SED; And ● If you have an employment contract of at least 12 months, you must have worked continuously for at least 6 months with the same employer outside the UK. Instructions on How To Complete Form R44 ● All sections must be completed, including the REC registration number. ● The name and address on the R44 form must match the registered name and address. ● Form R44 with incomplete fields is considered invalid and you will be asked to resubmit ● Any comments on Form R44 will be considered invalid. Use the information below for: ● Clarify the rationale behind each minimum standard. ● All checkboxes must be checked. Do not add additional information to a minimum standard ● Because form R44 is considered invalid. How Long Does the Seafarer's NT Code Last? The Seafarer NT Code is valid for up to 52 weeks and can be renewed if the seafarer continues to meet the eligibility criteria. Seafarers must apply for a new Seafarers NT Code each time they start a new period of employment on a vessel operating outside UK territorial waters. How Can a Pro Tax Accountant Help? The application process includes your Social Security Number, a unique taxpayer self-assessment reference (if you have one), and employer information, including your name, PAYE reference, address, the date you started working, and your projected annual income you need. You will also need details of any planned visits to the UK during your time on the ship, including: ● Start and end date of your visit ● Vessel name ● Ship type: ● Official ship registration number ● The date you believe your seafarer's income deduction (SED) should begin. ● You must also complete a tax return for each year following your application. If this is a tall order, we can help you complete your R44, and any other tax forms and tax returns by making sure you get the death deduction you are entitled to.

*Sage 50 Accounts Essentials is a powerful accounting software designed to help small to medium size businesses manage their finances more efficiently. With its user-friendly interface and comprehensive features, Sage 50 Accounts Essentials can help businesses automate routine tasks, reduce manual data entry, and generate reports that provide valuable insights into the financial health of the business. Overview of Sage 50 Accounts Essentials Sage 50 Accounts Essentials is accounting software designed for small businesses with limited accounting knowledge. The software has a simple and easy-to-use interface that allows users to navigate through its features with ease. Sage 50 Accounts Essentials is a cloud-based software, meaning it can be accessed from any device with an internet connection. The software is built to streamline financial management by automating tasks such as invoicing, tracking expenses, and generating financial reports. Features of Sage 50 Accounts Essentials Sage 50 Accounts Essentials comes with a range of features that make accounting tasks more manageable. The following are some of the features of Sage 50 Accounts Essentials. Invoicing The software comes with a built-in invoicing system that allows businesses to create and send invoices to customers. Users can customize the invoice templates to suit their business branding and add payment terms and conditions. You can create and send personalized invoices and costs, and deliver your files in a professional way. Cash Flow Management It has made cash flow management easier than before. You can quickly and easily see what you are owed, control overdue bills, and schedule supplier bills to fit your cash go-with-the-flow position. Bank Reconciliation Sage 50 Accounts Essentials can automatically match bank transactions with transactions in the software, making bank reconciliation a breeze. Users can easily identify transactions that need to be reconciled and check for any discrepancies. Expense Tracking The software can track expenses and assign them to specific accounts, making it easier for users to generate financial reports. Users can also attach receipts and invoices to expenses to keep a record of their spending. Financial Reports Sage 50 Accounts Essentials can generate a range of financial reports, including profit and loss statements, balance sheets, and cash flow statements. Users can customize the reports to show the information they need and export them to Excel or PDF format. Vat Management The software can calculate VAT automatically and generate VAT returns, making it easier for businesses to manage their VAT obligations. Stock Management Sage 50 Accounts Essentials can track stock levels and update them in real time as sales and purchases are made. The software can also generate stock reports that show the value of the stock at any given time. Multi-Currency The software supports multiple currencies, making it easier for businesses to manage transactions with international customers and suppliers. Benefits of Using Sage 50 Accounts Essentials Sage 50 Accounts Essentials can help businesses in a variety of ways, including: Time-saving: The software can automate many accounting tasks, reducing the time businesses need to spend on manual data entry. Improved accuracy: By automating tasks such as bank reconciliation and VAT calculation, the software can reduce the risk of errors in financial records. Better financial management: Sage 50 Accounts Essentials can provide valuable insights into the financial health of a business, helping users make informed decisions about their finances. Scalability: The software can grow with a business, allowing users to add more features and functionality as their needs change. Cost-effective: Sage 50 Accounts Essentials is a cost-effective solution for small businesses that need to manage their finances without the expense of hiring an accountant. Who Can Benefit From Sage 50 Accounts Essentials? Sage 50 Accounts Essentials is ideal for small businesses with limited accounting knowledge. The software is designed to be easy to use, with a simple and intuitive interface that requires minimal training. Businesses can use Sage 50 Accounts Essentials in a range of industries, including retail, hospitality, and professional services. How to Get Started With Sage 50 Accounts Essentials Sage 50 Accounts Essentials is a popular accounting software used by small and medium-sized businesses. Getting started with it is like getting started with any other software. Here are some steps to help you get started: Purchase the software: You can purchase Sage 50 Accounts Essentials from the Sage website or from a reseller. Install the software: Follow the instructions provided with the software to install it on your computer. Set up your company: Once the software is installed, you will need to set up your company. This involves entering your company name, address, and other details. Set up your chart of accounts: The chart of accounts is a list of all the accounts that your business uses to record financial transactions. You can customize the chart of accounts to suit your business needs. Set up your customers and suppliers: You will need to enter your customer and supplier details into the software. This will enable you to create invoices and record payments. Enter opening balances: If you are migrating to Sage 50 Accounts Essentials from another accounting system, you must enter the opening balances for all your accounts. Start using the software: You can now start using Sage 50 Accounts Essentials to record financial transactions, create invoices, and generate reports. Get help: If you need assistance using Sage 50 Accounts Essentials, you can access the software's help files or contact Sage support. Remember to always back up your data regularly to prevent loss of important information in case of a system crash or accidental deletion of files. How Can Sage 50 Accounts Essentials Help In MTD Sage 50 Accounts Essentials is a Making Tax Digital (MTD) compliant accounting software, which means it can help businesses in the UK meet their MTD obligations. Here are some of the ways Sage 50 Accounts Essentials can help with MTD: Digital Record Keeping Sage 50 Accounts Essentials enables businesses to keep digital records of their financial transactions, which is a requirement under MTD. This means businesses can no longer rely on paper records for tax purposes. VAT Returns Businesses that are registered for VAT must submit their VAT returns digitally under MTD. Sage 50 Accounts Essentials makes this process easy by allowing businesses to submit their VAT returns directly from the software to HMRC. Bridging Software For businesses that use spreadsheets to keep their financial records, Sage 50 Accounts Essentials can act as bridging software, which means it can transfer data from the spreadsheet into a format that can be submitted to HMRC. VAT Accounting Schemes Sage 50 Accounts Essentials supports a range of VAT accounting schemes, including cash accounting, flat rate schemes, and annual accounting. This means businesses can choose the scheme that best suits their needs and comply with MTD at the same time. MTD Updates Sage 50 Accounts Essentials is updated regularly to ensure compliance with any changes to the MTD regulations. This means businesses can be confident that they are using software that is up-to-date and compliant with the latest MTD requirements. Overall, Sage 50 Accounts Essentials can help businesses in the UK meet their MTD obligations by providing the necessary tools and features for digital record keeping and VAT submissions, as well as keeping up-to-date with any changes to the regulations. Has Sage Essentials Been Discontinued? Yes and No. In early 2021, the company announced that it was going to discontinue the previous form of Sage Essentials (in case you purchased it before Jan . 2021). But in reality, it was not the discontinuity of the software. It was merely a transformation of the up-gradation of the software, making it cloud-based. So the cloud-based software is still available on the company’s website with the word “Essentials” removed from its name and the with its new name: Sage 50 Accounts. What is the Price of ” Sage 50 Accounts”? The prices are: 1. Sage Business Cloud Accounting is FREE for the first 3 months (after that it can be one of 3 plans: £12/£26/£33 + VAT/month) 2. Sage 50 Accounts Standard starts from £77/month 3. Sage 50 Accounts Professional starts from £150/month Should I Buy “Sage 50 Accounts” to Manage The Accounts Of My Small Business? Whether or not you should buy Sage 50 Accounts to manage the accounts of your small business in the UK depends on a variety of factors, including your business needs and budget. Here are some factors to consider: Business Size: In our opinion, Sage 50 Accounts is best suited for medium-sized businesses with a limited number of employees. If you are a sole trader or have just a few employees or a very large company you should consider other choices. Accounting Needs: Sage 50 Accounts is comprehensive accounting software that can help with tasks such as invoicing, bank reconciliation, expense tracking, and financial reporting. If you need help with these tasks, Sage 50 Accounts may be a good fit. Budget: Sage 50 Accounts is paid software, and the cost will depend on your subscription plan and the number of users. If you have a tight budget, you may want to consider free or low-cost accounting software options. Industry-Specific Needs: If your business has industry-specific accounting needs, such as inventory management or project tracking, you may need to consider more specialized accounting software options. Ease of Use: Sage 50 Accounts is designed to be user-friendly and easy to use, but it still may require some training and setup time. If you are not comfortable with technology or do not have the time to learn new software, you may want to consider hiring an accountant instead. Conclusion Whether or not to buy Sage 50 Accounts for your business in the UK depends on your specific business needs and circumstances. You may want to do some research, compare different accounting software options, and even try out a few before making a decision. It is always a better choice to outsource your company accounting to a reliable tax accountant if you are unable to or do not have time to manage your company accounts. *Most of the info about the software has been taken either from the internet or our client’s experiences. However, we take no responsibility for the perfection of this info or anything resulting from it.

CH2 Form, is a formal declaration made by a child's parent or prospective adoptive parent to apply for child support. If you live in the UK, you can complete the application for each child newly born in the UK. Note that you can only use this application if you wish to claim benefits for one or two children in your care and if the children are under 16 or 20 when they are in school. The document provides guidance for parents who need to manage their income and potential tax burdens and secure their state pension. The HMRC CH2 form is a form used to claim child benefit, a payment made by the UK government to help parents and guardians with the cost of raising children. Child benefit is paid to eligible parents or guardians of children under the age of 16, or under the age of 20 if the child is in approved education or training. Alternative Names: ● Child Benefit Form; ● Child Benefit Claim Form; ● Child Benefits Application Form. Who Is Eligible To Use The HMRC CH2 Form? You may be eligible to use the HMRC CH2 form if you are responsible for a child under the age of 16, or under the age of 20 if the child is in approved education or training. You can claim child benefits if you are the child's parent or guardian, or if you are responsible for the child's care. It is important to note that child benefit is means-tested, which means that your eligibility for the benefit will depend on your income. If you or your partner earn over £50,000 per year, you may be subject to the High Income Child Benefit Charge, which reduces the amount of child benefit you are entitled to. When Should I Fill out a CH2 Form? You can fill out a CH2 form once your child's birth has been registered or if they are living with you. Coronavirus and Birth Certificate This applies as long as all registry offices are closed during the Corona crisis. Parents giving birth for the first time must fill out the CH2 form. Note: It is important to add a note that you cannot register the birth. If you have already applied for child support and need to update the application for a child, you can fill out form CH2. Or add details by calling the Child Benefit Helpline on 0300 200 3100. How to Complete the HMRC CH2 Form The HMRC CH2 form can be completed online using the HMRC website or by downloading a paper form and completing it manually. In this section, we will walk you through the process of completing the online version of the form. Step 1: Gather your information Before you start filling in the form, you will need to gather some information about yourself and your child. This may include: Your National Insurance number Your child's date of birth Your child's full name Your child's National Insurance number (if they have one) Your bank details (if you want to receive payments directly into your bank account) Step 2: Log in to the HMRC website To start the claims process, you will need to log in to the HMRC website. If you do not already have an account, you will need to create one. Step 3: Select the child benefit option Once you are logged in, select the child benefit option from the list of available services. Step 4: Fill in the form The online form will prompt you to enter your personal details, your child's details, and your bank details (if you want to receive payments directly into your bank account). You will also be asked to provide details about any other children you are responsible for, as well as any other benefits you receive. Step 5: Submit the form Once you have filled in all the required information, submit the form. You will then receive a confirmation message that your claim has been submitted. If you prefer to complete the form manually, you can download a copy of the form from the HMRC website and fill it in by hand. You can then submit the form by post to the address provided on the form. Where to Send a Child Benefit Form? Once the document is ready, mail an envelope with all supporting documentation to the Child Benefit Office, Washington, Newcastle Upon Tyne, NE88 1ZD. For faster processing of your request, you must attach an address label. An online child benefit form is available if you prefer to prepare it this way - fill in the electronic document, print it out, and submit it to HM Revenue & Customs. What Evidence Should I Send with a CH2 Form? You do not need to enclose your child's birth certificate with the application. However, you must submit a certificate of adoption if you have adopted your child. What Happens Next? You can receive the family allowance until August 31 after your child has reached the age of 16, or until the age of 20 if it is still at school. When your child turns 16, HMRC will send you a letter asking if your child would like to continue their education. You must respond to this letter to continue receiving family allowances. If your family situation changes, you must let HMRC know, for example, if your child moves house or if you separate. If you or your partner earn more than £50,000 a year, you may have to pay more tax. Visit GOV.UK for more information on duties and how to pay them. If your application is rejected and you do not agree with HMRC's decision, you can ask them to reconsider; this is referred to as a "mandatory review".

No, the deadline (31-01-2023 ) for Self-assessment has not been and will not be extended this year -2023. Unlike in the past two years, HMRC did not announce any relaxation of late submission and late-payment penalties for the 2021/22 tax year. So if you could not file your 2021/22 tax return online by 31 January 2023 you may face penalties and interest by HMRC. According to the figures revealed by HMRC, around 2.7 million people, who were supposed to file them by 31st Jan. 2023, could not file self-assessment tax returns. If you file late, you will also have to wait longer for the tax year to be deemed 'closed' as HMRC will have more time to investigate. For example, if you submitted your return on or after 15 February 2023, HMRC has until 30 April 2024 to ask you questions about it. What Can Happen If You Could Not Pay Your Self-Assessment Tax This Year? If you are required to file a self-assessment tax return in the UK and fail to pay the tax owed by the deadline, you may face a number of penalties and consequences. Here is an overview of the most common penalties you may face if you don't pay your self-assessment tax on time: Late Payment Penalties: If you don't pay the tax owed by the deadline, HM Revenue & Customs (HMRC) will charge you a late payment penalty. The first penalty is a fixed amount of £100, regardless of the amount of tax owed. If the tax remains unpaid after three months, additional penalties of 5% of the tax owed may be charged, and another 5% if the tax remains unpaid after six months. Interest Charges: In addition to the late payment penalties, you may also be charged interest on the tax owed. The interest rate is based on the Bank of England base rate and is charged from the day after the payment deadline until the tax is paid in full. Legal Action: If you continue to not pay the tax owed, HMRC may take legal action to recover the debt. This may include wage garnishments, bank account freezes, or property seizures. Reputation Damage: Failure to pay your self-assessment tax on time may also harm your reputation, as it shows a disregard for your tax obligations and may be perceived as unethical. Criminal Prosecution: In severe cases, HMRC may pursue criminal prosecution for tax evasion, which can result in a fine and even imprisonment. Loss of Tax Credits: If you don't pay your self-assessment tax on time, you may also lose any tax credits you were entitled to. Damaged Credit Score: Not paying your self-assessment tax on time may also negatively impact your credit score. A poor credit score can make it difficult to obtain loans or credit in the future. It is important to pay your self-assessment tax on time to avoid these penalties and consequences. If you are unable to pay the tax owed by the deadline, you should contact HMRC to make arrangements to pay the debt over time. Remember, if you are in financial difficulty, HMRC may be able to offer you support and help you manage your debts. It is always best to contact HMRC as soon as possible to discuss your options and avoid incurring further penalties and interest charges. What Should You Do If You Could Not Pay Your Self-Assessment Tax in Time? If you are unable to pay your self-assessment tax by the deadline in the UK, it is important to take action as soon as possible to minimize the penalties and consequences. Here are some steps you can take if you find yourself in this situation: Contact HM Revenue & Customs (HMRC): If you are unable to pay your self-assessment tax on time, it is important to contact HMRC as soon as possible. They may be able to offer you support and help you manage your debts. Negotiate a Payment Plan: HMRC may allow you to pay the tax owed over a longer period of time, reducing the amount you need to pay in each installment. It is important to negotiate a payment plan as soon as possible to avoid incurring additional penalties and interest charges. Click here to know more about setting up a payment plan. Apply for Time to Pay: If you are in financial difficulty, you may be eligible for HMRC's Time to Pay service, which allows you to pay the tax owed over a longer period of time. Use a Tax Accountant: If you are having difficulty managing your self-assessment tax, you may consider using a tax agent to help you. A tax accountant can provide expert advice and assist you in negotiating a payment plan with HMRC. Reduce your expenses: If you are in financial difficulty, it may be necessary to reduce your expenses in order to free up money to pay your self-assessment tax. This may include cutting back on unnecessary expenses, such as entertainment and eating out, and seeking ways to increase your income. Seek Financial Advice: If you are having difficulty managing your finances, it may be helpful to seek financial advice from a professional. A financial advisor can help you create a budget and provide advice on managing your debts. Declare Bankruptcy: If you are unable to pay your self-assessment tax and are unable to make arrangements to pay the debt over time, you may need to consider declaring bankruptcy. This is a last resort and should only be considered if all other options have been exhausted. Remember, it is always best to contact HMRC as soon as possible if you are unable to pay your self-assessment tax on time. They may be able to offer you support and help you manage your debts. By taking action early and seeking advice, you can minimize the penalties and consequences of not paying your self-assessment tax on time. How Can We Make an Appeal to HMRC If We Could Not Pay Your Self-Assessment Tax in Time? If you have been charged penalties and interest for failing to pay your self-assessment tax on time in the UK, you may have the option to make an appeal to HM Revenue & Customs (HMRC). Here are some steps you can follow to make an appeal: Gather Evidence: Before making an appeal, it is important to gather evidence to support your case. This may include documentation of financial hardship, such as bank statements or proof of unemployment, and any other relevant information that may help your case. Review the Penalties: Before making an appeal, it is important to review the penalties you have been charged and understand the reasons for the penalties. This will help you prepare your argument and understand what points you need to address in your appeal. Contact HMRC: If you wish to make an appeal, you should contact HMRC to request a review of your case. You can do this by telephone, email or letter. Provide a Written Statement: When making your appeal, it is important to provide a written statement explaining the reasons for your inability to pay the self-assessment tax on time. This statement should include information about your financial circumstances and any other relevant information that may support your case. Submit Evidence: Along with your written statement, it is important to submit any relevant evidence to support your appeal. This may include bank statements, proof of financial hardship, and any other relevant information. Attend a Hearing: If your appeal is unsuccessful, you may be required to attend a hearing to discuss your case further. This hearing will be conducted by an independent tribunal that will review the evidence and make a decision. Accept the Decision: If the tribunal upholds the penalties, it is important to accept the decision and make arrangements to pay the debt as soon as possible. It is important to note that making an appeal to HMRC is not a guarantee that the penalties will be waived or reduced. However, by presenting a strong case and providing evidence to support your appeal, you may be able to have the penalties reduced or waived. If you are in financial difficulty and are unable to pay your self-assessment tax, it is always best to contact HMRC as soon as possible to discuss your options and avoid incurring further penalties and interest charges. By seeking help early, you can minimize the penalties and consequences of not paying your self-assessment tax on time. What is Determination? If you were due to file a tax return with HMRC but haven't, they may have sent you a ' determination' of the tax they think you owe. While this is an estimate, it is legally enforceable until you file a late return, which you must do within 12 months of receiving the decision (or three years from the date the relevant late return was filed, whichever is later). HMRC must send you your return within three years of the date you filed your original return (usually 31 January after the end of the tax year, hence the 'deadline' for HMRC for 2018/19 tax returns to issue the return is for three years from 31 January 2020, i.e. to 31 January 2023). If you fail to file your tax return by the deadline after receiving the decision, the decision will stand unless HMRC accepts a request awarding you 'special compensation'.

Council Tax is a local taxation system that is used across England, Scotland and Wales. It is a tax on property owned by domestic residents and was established in 1993 as part of the Local Government Finance Act 1992 and replaced the ineffective Community Charge, which later replaced the rates for domestic use. Every home is allocated to one of the eight bands in England as well as Scotland (A through H) and nine-band in Wales (A from I) according to property worth, and the tax is an exact amount in each of the bands. The greater the value of the property, the more tax is charged however, this is not the case for properties that are valued over PS320,000 (in 1991 prices). Certain properties are exempt from tax and certain people are exempt from tax, and some receive discounts. For the majority of us, Council Tax is one of the most expensive household bills. However, very most of us don't are aware of how it is calculated and implemented, precisely what it covers and the reasons why certain people might be eligible for an exemption from their Council Tax. This page is intended to address some of the most frequently asked questions that residents frequently ask us and also to direct you towards Council Tax information or services that might be helpful to you. What's the Purpose Council Tax and How is it Used? It is a tax based on the property that all householders (both tenants and homeowners) typically must pay. The tax is local that is set by councils in order to provide local services. This is why the amount for Council Tax varies from parish to parish within the Bath and North East Somerset area, dependent on local expenses and budgets. The Council Tax is approximately a quarter of the council's earnings, and it is essential to help fund the local facilities and services, such as: • Fire and police services • libraries as well as educational services • Waste collection and rubbish disposal • Leisure and recreation facilities • Transportation and parking • Highway services • Health and environmental standards as well as the trading regulations • Administration, like registration of marriages, births and deaths. registration of marriages, births, and deaths Council Tax helps fund its council's healthcare work, however, it does not fund local doctor clinics or hospitals. They are an obligation to NHS. NHS. Who Pays The Council Tax It's normal to be required to pay Council Tax if you're 18 or more. A complete Council Tax bill is based on the presence of at least two adults living in the same house. Partners and spouses who live together share the responsibility of paying the tax. The Responsibility Hierarchy 1. A person who lives on the property and who is the owner of either the freehold, leasehold of the entire or part of the property 2. A tenant who lives on the property 3. An person(s) who lives in the house and is licensed. This means they are not tenants, however, they have the right to remain there. 4. Any person(s) living in the house, for instance, a tenant 5. A property owner that is not inhabited by anyone The person closest to the highest position is the "liable" person. More than two people in the same position on the hierarchy are equally accountable. In most cases, the resident within the house is the person who is liable however it may be the owner of the property who is liable in the event that one of the following circumstances are met: 1. This property can be described as being in multiple occupancies (HMO) For example an apartment that is shared by several distinct households, each paying rent on their own. 2. The residents of the property are all less than 18 years old. 3. The property houses asylum seekers. 4. The people staying in the residence are staying for a short time and live in their homes in another location. 5. The house is a care home and hostel, hospital or women's refuge 6. If you're a landlord who leases out an apartment and you are responsible to pay the Council Tax bill depending on the type of letting agreement you are in. Who Doesn’t Have To Pay the Council Tax? Certain people aren't counted in the calculation of Council Tax purposes (' ignored'), reducing the number of residents we count when we draw our bill. If you are living with someone else who isn't counted, it could be a reason to get some sort of reduction on the amount you pay. If you're alone and you aren't counted you could be entitled to receive an exclusion from Council Tax; this means that you don't need to pay any fees at any time. This means that you may be eligible to claim an exemption in your Council Tax bill if you receive one. You May Not Be Liable for (Exempted from) the Council Tax if you: 1. Less than 18 years old 2. On certain apprentice schemes 3. Aged 18 to 19 and in full-time, full-time education 4. An active student in a college or university 5. Less than 25 years old receive funding through the education and skills funding agency 6. A student nurse 7. An assistant in foreign languages that are registered at the British Council 8. Very mentally impaired 9. A live-in caregiver for someone that is not your spouse, partner, or a child younger than 18 10. A diplomat What is the Process of Making It? The majority of the Council Tax charge relates to the house you reside in, while the other half is ascribed to the residents or owners. The amount you must pay is determined by the value of the property in addition to the number of adults that reside there. If there are more than two adults over the age of 18 living on the property that is the total Council Tax charge for that property will be payable. Every household is liable for Council Tax, although sometimes you could be eligible for lower charges. The reasons for this could be: • If a home is vacant because of a reason outside your control of you (such as hospitalisation for long-term, or following a death) • Personal circumstances that mean you earn no or poor income (such as unemployed, full-time education or a long-term health problem). How Much Council Tax Do You Pay? How much you pay for Council Tax will depend upon the dimensions of your home and the price of your house. The value band appears at the bottom of the Council Tax bill, and must also be included on the selling information of any home you are considering purchasing. It is the Valuation Office Agency which is a central government entity (and not the local council) is the one accountable for the decision-making process for Council Tax banding. There are eight property value bandings which range from A (lowest) to H (highest) and Band D is the midpoint of a typical home for a family. When we refer to the standard complete Council Tax charge for an area, we're talking about the amount households that are in Band D must pay. We calculate the cost for all other households within the region with respect to the amount in Band D. For instance: Imagine the total Council Tax (Band D) cost for your region is PS1800: • properties that fall under Band A will be charged 2/3 of the band D charge. If the Band D charge is PS1800 The charge for Band A cost will amount to PS1200 • properties that fall under Band H will be charged twice the properties in Band H will pay twice the D charge. In the same instance, if Band D is PS1800 and Band H is PS3600, the Band H charge will be PS3600. For a more detailed explanation of the way Council Tax banding works and to check out the latest and past costs for your region Please refer to Council Tax bands and charges. The Council Tax band valuation takes into consideration things such as the dimensions, layout and location of your house. If you make significant changes to your houses, such as by building an extension of large size or permanently taking away rooms or features, it's possible that your Council Tax banding may change. Inform us of any changes by clicking the button at the end of this page. What Are Council Tax Bandings? Taxes that you pay is based on the valuation of your home that was compiled in 1991 by the Valuation Agency (opens in a new tab) (or VOA) 1991. The Council's assessment of taxation is based on the worth of property that isn't being used for business. Different values put properties into different "bands". Based on that appraisal. Your home will have been placed into a specific band that corresponds to a specific range of values. What is My Council Tax Band? The property will be put in one of eight bands from A to H (A being the lowest) depending on the value of its assessment on 1 April 1991. Although the cost of property has been down or up since it does not impact an established band until and unless the council tax revaluation is completed. You can check your current band here. Council Tax Bands in England (According to 1 April 1991 values) A up to £40,000 ​ B £40,001 to £52,000 ​ C £52,001 to £68,000 ​ D £68,001 to £88,000 ​ E £88,001 to £120,000 ​ F £120,001 to £160,000 ​ G £160,001 to £320,000 ​ H more than £320,000 ​ ​ ​ ​ Council Tax Bands in Wales (based on 1 April 2003 values) A ​up to £44,000 ​ B ​£44,001 to £65,000 ​ C £65,001 to £91,000 ​ D ​£91,001 to £123,000 ​ E £123,001 to £162,000 ​ F ​£162,001 to £223,000 ​ G ​£223,001 to £324,000 ​ H ​£324,001 to £424,000 ​ I ​More than £424,000 ​ Council Tax Bands in Scotland on 1 April 1991 A Up to £27,000 ​ B £27,001 to £35,000 ​ C ​£35,001 to £45,000 ​ D £45,001 to £58,000 ​ E ​£58,001 to £80,000 ​ F ​£80,001 to £106,000 ​ G ​£106,001 to £212,000 ​ H more than £212,000 ​ I ​ ​ What is the Process for Collecting It? Council Tax bills are issued throughout the financial year, starting at the beginning of April until the close of March. We send out bills to every household each March. Even if you're exempt from having to pay Council Tax, you should be notified of this. In general, we request that you to pay the amount over ten equal instalments starting from April through January with a break of two months in the months of February and March. This allows the Council Tax team the opportunity to reconcile your accounts prior to the beginning of the financial year. The payment date must be the same every month. If you create Direct Debits in order to settle your invoice and you want to pay it off, you can select to pay on the first or 15th date of your month. If paying the bill in 10 instalments makes it difficult to budget your household spending You can ask for an invoice with 12 monthly instalments. Read more about this as well as other options we have to assist you should you be experiencing difficulties paying the Council Tax. If there is a change in your situation (such as people moving in or out and/or losing or starting employment) This could impact the amount of your Council Tax bill. We can be informed of any changes swiftly and easily via this form. If any changes affect the amount you are required to pay, we will send you an updated bill and the schedule of payments instalments for a period of 28 days. How to Register for Council Tax If you're an adult who is not enrolled in full-time schooling or is covered by an exemption or relief, then you have to be liable for Council Tax. It is paid directly to the authority (council) for the region that you reside in. If you want to pay Council Tax, contact your local council. They'll sign you up and issue a Council Tax bill. They'll also let you know what to pay and when. If you are moving to a different property or relocating to a new location you should inform your local council or the council in the new location you've relocated to. If the home you've purchased doesn't have a Council Tax band, you'll be required to contact the local council. They'll schedule your property to be evaluated. Then your local council will guide you on how they can register with them and pay the council tax. Council Tax Rebate / Discount On February 3, 2022, the government announced a package of assistance to help with increasing energy costs. This included a one-time PS150 refund that's non-refundable to families in England who are in council tax bands. Properties from A to D. This was referred to as a tax rebate for councils. It was not applicable to homes that were not in use. On 1 April 2022 as well as properties that were classified as second homes for tax purposes of the council at the time of the 1st April 2022, and include properties that are granted an N S, U or W exemption. About 78% of the homes are chargeable. They were placed included in Bands A and in Bands A - D in 2021 but did not qualify as an empty home or a second residence for tax purposes. In addition, discretionary funds have been made available to provide the same benefit to households that are in need of support but do not qualify for council tax rebates. They may be able to cover the cost of low-income households who reside in households living in Band E to H homes. Councils decide the amount of this rebate. You can check here or on the official government site if you can qualify for a reduced council tax rate. What Is Classed As Low Income for Council Tax Reduction In general, the low-income threshold applies to anyone who is working age but not employed or is earning less than PS86.80 weekly, then they won't be legally required to pay council tax unless someone 25 or over lives in the same house and is making higher than PS86.79 per week. If a person is earning 60% or less below the median income limit, they will be eligible to receive a reduction in council tax on their tax bill. However, they must call the local council office in order to request a formal application for a reduction in their council tax and provide relevant information about their earnings and other circumstances. The households of the UK are classified as poor if they earn less than 60 percent of their median disposable net income. Based on the most recent data collected and examined by the Department for Work and Pensions People who live in low-income households are categorized as low-income households. GOV.UK Facts and figures on ethnicity A couple that does not have children will consider themselves to be in the low-income category if household income is lower than PS17.100 BHC (before housing costs) and £14,800 AHC (after housing expenses). Adult Social Care Precept Local authorities who have responsibility for adult social care have been able to increase the council tax up to and an additional 1% an additional 1% for 2022-23. In addition, authorities didn't use the entire 3% in 2021-22. They decided to put off the payment until 2022-23, they could use the remaining funds (up to an additional 3%). In addition, it is the standard adult social care funding by council tax. This is a precept that is applicable to London Boroughs (including The City of London), metropolitan districts, county councils and unitary Authorities. The Areas in England With the Lowest Council Tax Rates Residents of Westminster are not just able to include the Queen as a neighbour and are the poorest payers of the council tax - just PS866 per calendar year. However, considering the fact that “Rightmove” has put the average cost for a terraced property at just under £ million this isn't sufficient to bring the area closed for buyers on a budget. Also, Wandsworth located in southwest London is also known to have always been among the council tax rates with the lowest and, this year, it is among just four out of 329 local governments who will be able to lower their rates, the other three including Mansfield, Selby and South Ribble. Residents are expected to pay just PS872.55. The Areas in England With the Highest Council Tax Rates On the other side of the spectrum, those who live in Rutland located in the East Midlands have to fork out the largest amount of council tax. Rutland is the smallest county in the United Kingdom and has a population of just 4000 residents. Yet, every band D property is required to pay PS2,300 each year, which is 17% more than the average national. The second highest council tax is in Nottingham where the annual bills are now at PS2,294 - just PS4 greater than Dorset which is third. What Happens If You Don T Pay Council Tax In the UK? If you don't pay your council tax in the UK, the local authority can take enforcement action to recover the debt. This can include: Court summons: The local authority may take you to court, and if found guilty, a court can order you to pay the debt and any additional court costs. Warrant of execution: If a court orders you to pay the debt and you don't, the local authority can apply for a warrant of execution. This allows bailiffs to seize and sell your belongings to pay the debt. Attachment of earnings: The local authority can ask your employer to deduct money from your wages to pay the debt. Deduction from benefits: If you receive certain benefits, the local authority can deduct money directly from them to pay the debt. Liability order: If you ignore a court summons, the local authority can apply for a liability order. This gives them the right to take further enforcement action. Bankruptcy: In extreme cases, the local authority can petition for your bankruptcy. It's important to contact the local authority if you're struggling to pay your council tax. They may be able to offer support or arrange a payment plan. How to Challenge Council Tax Band in the UK You can challenge your council tax band in the UK if you believe it's incorrect. Here's how you can do it: Check your council tax band: You can check your council tax band by visiting the Valuation Office Agency (VOA) website or contacting them directly. Gather evidence: If you believe your council tax band is incorrect, gather evidence to support your claim. This can include property details, recent sales prices of similar properties, and any changes made to your property. Submit a challenge: You can submit a challenge to the VOA by filling out a Council Tax Valuation Tribunal (CTVT) form, which can be found on the GOV.UK website. Wait for a decision: The VOA will review your challenge and make a decision. If they agree with you, your council tax band will be adjusted accordingly. Appeal the decision: If the VOA doesn't agree with your challenge, you can appeal their decision by filling out a CTVT form and submitting it to the Council Tax Valuation Tribunal. It's important to note that if your council tax band is adjusted, your council tax bill will either increase or decrease. It's also important to remember that challenging your council tax band can take time, so it's best to act quickly if you believe your band is incorrect. Do You Pay Council Tax On an Empty Property in the UK? Yes, you are required to pay council tax on an empty property in the UK. Council tax is a mandatory tax on properties and must be paid even if the property is unoccupied. If a property is empty for more than 2 years, the local authority may charge a higher rate of council tax, known as the "long-term empty premium." There are certain circumstances outlined in UK law where a property may be exempt from council tax, such as if it is the main residence of a student, a member of the armed forces, or a person receiving care. Do Foster Carers Pay Council Tax in the UK? Foster carers in the UK may be exempt from paying council tax, depending on the circumstances. If a foster carer's home is their only or main residence and it is used as a foster care home, then it may be exempt from council tax. However, if the foster carer has another property that they use as their main residence, then they may not be exempt from council tax on the foster care home. To claim an exemption, foster carers need to provide evidence to their local council, such as a letter from the fostering agency confirming their foster care status. It's important to note that the rules around council tax exemptions for foster carers may vary between local councils, so it's best to check with your local council to determine your eligibility. Who Pays Council Tax Tenant or Landlord in the UK? Typically, the tenant is responsible for paying council tax in the UK if they are living in a rented property. Council tax is a tax on the occupier of a property, not the owner, so the responsibility for paying it falls on the person living on the property. This means that if you rent a property, you are responsible for paying the council tax, not the landlord. However, in some circumstances, the landlord may be responsible for paying the council tax if the property is unoccupied. For example, if the property is an empty holiday home or a second home, the owner will be responsible for paying the council tax. It's important to check the terms of your tenancy agreement to determine who is responsible for paying the council tax. If there is a dispute over who should pay the council tax, it may need to be resolved through the courts. What Constitutes a Separate Dwelling for Council Tax? In the UK, a separate dwelling for council tax purposes is defined as a self-contained living accommodation that is either: Physically separated from other properties with its own front door, and includes cooking and washing facilities. Has its own means of heating, lighting and ventilation that are independent of other properties. Is not used as a main residence by someone living in another part of the building. A separate dwelling may include a flat, maisonette, house, annexe, or granny flat. Whether a property constitutes a separate dwelling for council tax purposes will depend on the specific circumstances of the property and its usage. If a property is considered to be a separate dwelling, it may be subject to council tax. It's important to note that the rules around what constitutes a separate dwelling for council tax purposes may vary between local councils, so it's best to check with your local council to determine your specific circumstances. What Is A Liability Order Council Tax? A liability order for council tax in the UK is a legal document issued by a magistrates' court that confirms that you owe a council tax debt and gives the local authority the power to take enforcement action to recover the debt. If you have failed to pay your council tax, the local authority will send you reminders and final notices asking you to pay the debt. If you still don't pay, the local authority can apply to a magistrates' court for a liability order. If the court grants the order, it means that you are legally obligated to pay the debt, and the local authority can take further action to recover the debt, such as: Deducting the debt from your earnings Taking money from your bank account Taking control of and selling your belongings Committing you to prison (although this is a last resort). It's important to note that if you are in financial difficulty and are struggling to pay your council tax, it's best to contact your local council as soon as possible to discuss your options and to try and reach an agreement on how to pay the debt. Do Lodgers Pay Council Tax In the UK? Lodgers in the UK may be responsible for paying council tax, depending on the circumstances. If a lodger rents a room in someone's home and shares living spaces such as the kitchen, bathroom and living room, they may not be responsible for paying council tax. In this case, the owner of the property is responsible for paying the council tax as it is their main residence. However, if the lodger rents a self-contained living space, such as a flat or annexe, with their own front door, cooking and washing facilities, and independent means of heating, lighting and ventilation, then they may be responsible for paying council tax. In this case, the lodger is considered to be the occupier of a separate dwelling and is liable for paying council tax. It's important to note that the rules around council tax for lodgers may vary between local councils, so it's best to check with your local council to determine your specific circumstances. How to Get Council Tax Reduction To get a council tax reduction in the UK, you can follow these steps: Check if you're eligible: Certain individuals, such as those on a low income, pensioners, and people with disabilities may be eligible for council tax reduction. Apply: Contact your local council to obtain an application form, or apply online through their website. Provide evidence: You may need to provide proof of your income, benefits, and any disabilities or medical conditions. Wait for a decision: Your council will assess your application and notify you of their decision. Appeal the decision: If you disagree with the decision, you have the right to appeal. It's important to note that council tax reduction schemes and eligibility criteria can vary depending on the local council, so it's best to check with your local council for more information. Who Can Be Eligible For A Council Tax Reduction? In the UK, the following individuals may be eligible for council tax reduction: People on a low income, including those receiving benefits such as Universal Credit. Pensioners People with disabilities, including those who receive Disability Living Allowance or Personal Independence Payment. People who live in a property that has been adapted for a disabled person. People who are the sole resident of a property, such as a single parent. Students and full-time student nurses. It's important to note that council tax reduction schemes and eligibility criteria can vary depending on the local council, so it's best to check with your local council for more information. How Do I Find My Council Tax Reference Number without the Latest Bill? If you don't have your council tax bill and need to find your council tax reference number, you can try the following steps: Check previous bills: Look for any old council tax bills you may have received and see if the reference number is listed on there. Contact your local council: You can call or visit your local council's website and ask for your reference number. They may ask you for some personal details to confirm your identity. Check bank statements: If you pay your council tax by direct debit, your reference number may appear on your bank statements. Check correspondence: Look for any letters or emails from your local council related to your council tax, as they may have included your reference number. If you still can't find your council tax reference number, it's best to contact your local council for assistance. How to Get a Council Tax Refund To get a council tax refund in the UK, you need to follow these steps: Check if you're entitled to a refund: If you've overpaid your council tax, you may be entitled to a refund. You can check your council tax account or contact your local council to confirm. Request a refund: Contact your local council and inform them that you believe you are entitled to a refund. Provide any relevant information, such as the reasons for the overpayment. Provide evidence: Your local council may request additional information or documentation to process your refund, such as proof of a change in circumstances that led to the overpayment. Wait for a decision: Your local council will assess your request and notify you of their decision. Appeal the decision: If you disagree with the decision, you have the right to appeal. It's important to note that council tax refund policies and processes can vary depending on the local council, so it's best to check with your local council for more information. How Long Do Council Tax Refunds Take In the UK? The time it takes to receive a council tax refund in the UK depends on a number of factors, including the local council and the reason for the refund. If you've overpaid your council tax and are entitled to a refund, your local council should process the refund as soon as possible. This can usually take anywhere from a few days to a few weeks, depending on the council. If you've made a claim for council tax reduction and your application has been approved, the council will adjust your payments accordingly and the refund should appear on your next council tax bill. If you have any concerns about the length of time it's taking to receive your council tax refund, you can contact your local council for an update. They should be able to provide more information on the status of your refund and an estimated time frame for when you can expect to receive it.

Tax relief allows you to deduct a few payments you make at some stage in the tax year from your gross earnings, so there is less that you can be taxed on. You can declare tax reliefs in addition to any personal tax allowances that you are entitled to, which essentially way you will take home extra of your profits, and pay much less tax. The UK tax system provides various tax reliefs to individuals and businesses to reduce their tax liability and support specific activities. Tax reliefs are deductions from the tax that is owed, which reduces the amount of tax that must be paid. In this article, we will take a look at some of the different types of tax reliefs available in the UK. This guide explains which tax reliefs are available, how they work, and whether you are eligible to acquire them. Personal Allowance: Every individual in the UK is entitled to a personal allowance, which is a set amount of income that can be earned tax-free. In the 2021-2022 tax year, the personal allowance is £12,570. Income Tax Relief for Pension Contributions: Individuals who contribute to a pension can claim tax relief on the contributions they make, up to certain limits. The amount of relief depends on the individual's marginal rate of income tax. For example, someone who pays the basic rate of income tax will receive 20% relief on their pension contributions, while someone who pays the higher rate of income tax will receive 40% relief. The tax relief is available on contributions up to 100% of your annual earnings - i.E. In case you earn £30,000 a yr, you can get tax remedy on as much as £30,000 paid into your pension in an unmarried tax yr. However, the maximum contribution you may earn tax remedy on in a yr is £forty,000. This is known as the yearly allowance. The rules are barely special in case you earn extra than £one hundred fifty,000. Your maximum contribution is decreased by way of £1 for every £2 you earn over this quantity until you hit a 'ground' of £10,000. This would be the case for every person earning £210,000 or more Gift Aid: Individuals who make donations to charity can claim Gift Aid, which is tax relief on their donation. Gift Aid increases the value of the donation by 25%, which the charity can claim back from HM Revenue & Customs (HMRC). When you prefer to make a donation via the Gift Aid scheme, your donation is net of tax, which means the charity can reclaim a further 20% of the balance immediately from HMRC. Say you pay £100 to charity. You'd earn £125 gross pay in order to have £one hundred in your pocket after tax. So when you make your donation, the charity can declare back the 20% tax, and receive £125. In exercise, this indicates charities acquire 25p for every £1 you donate. Higher-rate taxpayers, who pay forty% tax, can declare the extra 20% tax remedy either via their tax return or by using contacting their tax office. Enterprise Investment Scheme (EIS): The Enterprise Investment Scheme is a tax relief designed to encourage investment in small, high-risk businesses. Investors who invest in companies approved by HMRC can claim tax relief on their investment, including a reduction in their income tax bill and capital gains tax exemptions. Research and Development (R&D) Tax Credits: Companies that carry out research and development activities can claim tax relief in the form of R&D Tax Credits. These tax credits are designed to encourage companies to invest in research and development and provide financial support for these activities. Business Property Relief: Business Property Relief is a tax relief available to individuals who own shares in unlisted companies. The relief is designed to encourage investment in these companies by reducing the tax liability on the individual's investment. Capital Gains Tax (CGT) Relief: Capital Gains Tax is a tax that is levied on the profit made from the sale of assets, such as shares or property. In the UK, individuals are entitled to an annual exemption from CGT, which is the amount of profit that can be made tax-free each year. Marriage Allowance: Married couples and civil partners can claim the Marriage Allowance, which allows one partner to transfer 10% of their personal allowance to the other partner. This can reduce the couple's tax bill, provided that the recipient partner is a basic rate taxpayer and the transferor is not using all of their personal allowances. Uniforms and Tools: Cleaning, repairing, and replacements of uniforms, and repairing or changing gear you want in your activity. This can be anything from a couple of scissors to electric equipment. Vehicles: If you operate a car for paintings, you'll be capable of claiming tax comfort. However, how an awful lot you may claim will depend upon the vehicle and whether you very own or hire it, or whether it’s an organization vehicle. Travel and Overnight Expenses: You can declare tax comfort on travel and overnight prices for your work. This includes shipping charges, lodging, food, and drinks. Professional Fees and Subscriptions: If you’re required by using your corporation to join approved companies, you'll be eligible for tax alleviation. Working from Home: You may be able to retrospectively declare operating from domestic tax relief if you have been required to make money working from home during the pandemic in 2020/21 and 2021/22. However, you can simplest declare operating from home tax comfort for the cutting-edge 2022/23 tax yr in case your task requires you to live a long way far away from your workplace or your corporation does now not have an office. Tax alleviation can be applied to extra bills you may want to pay, which include telephone, energy, and net. Buying Other System: Some gadget you want for paintings, which includes a laptop, is eligible for tax relief. Charity Donations: Donations to charity with the aid of individuals are tax-unfastened. Donating via Gift Aid or Payroll Giving (which whilst you donate immediately out of your wages or pension) means you can get tax alleviation. Employer's Pension Schemes: If you belong to an enterprise's pension scheme, in maximum instances, your pension contribution could be deducted from your revenue earlier than tax is calculated. This means you get a complete tax remedy for your contribution at your highest price of tax right away. Personal and Stakeholder Pension Schemes: If you pay into your own non-public or stakeholder pension, you claim tax alleviation in a different way. The premium you pay is the internet of fundamental-fee tax and your pension provider claims the stability from HMRC. The basic charge of tax is 20%, so in case you pay £a hundred a month right into a stakeholder pension, your pension company will declare an additional £25 from HMRC, making the whole amount paid in for your pension £a hundred twenty-five a month. If you are a better-price taxpayer, your tax price is 40% - so you will want to say alleviation for the additional 20% tax via your self-evaluation tax return. If you do not pay tax, you could still contribute to a personal pension scheme, and advantage from tax comfort at 20% on the primary £2,880 you make a contribution internet every 12 months (£three,600 gross). Tax Remedy On Qualifying Loan Interest Bills: When paying returned certain styles of loans, you can get tax comfort at the hobby bills you're making. For instance, mortgages or loans to buy property for your personal use don't qualify for tax remedy. Loans to purchase apartment assets may qualify for alleviation. Other loans that normally do qualify are: A Loan Taken Out to Purchase Shares in The Borrower's Company or to Finance Loans to The Company, Provided That, Generally Speaking, That Company Is Not an Investment Company A Loan Taken Out to Make an Investment into Certain Types of Partnership A Loan Taken Out to Buy Plant and Machinery for Use in A Trading, Professional, or Property Partnership's Business A Loan Taken Out to Pay Inheritance Tax Provided the relevant conditions are met in each case, you may deduct the gross amount of hobby paid throughout the tax year at the mortgage from your profits earlier than tax is implemented. This has the effect of decreasing the number of earnings you pay tax on. For example, if you pay £five,000 in interest bills on a loan you've taken out, and also you earn £30,000 a year, you'd deduct the £5,000 out of your income so you simplest pay tax on £25,000. If you are a simple-rate taxpayer in this scenario, the tax you pay to your earnings could be reduced by using £1,000. Conclusion The UK tax system provides a range of tax reliefs to individuals and businesses, covering a variety of activities and financial needs. From personal allowances and pension contributions to R&D Tax Credits and Business Property Relief, the tax reliefs available in the UK can help reduce tax liability and support specific activities. It is important to understand the different types of tax reliefs available and to seek professional advice to ensure that you are claiming the reliefs to that you are entitled.

Limited companies are separate legal entities from their owners, but they still need an owner. These owners are called shareholders because they have a "share" in the business. Most small businesses start with one or two shareholders, who are usually also the directors of the business. The directors have a different role from that of the shareholders, but it is possible to be both at the same time, but why would one want to be a shareholder? In this article, we look at what shares and shareholders are, who can own them, and what that means for tax purposes. What is a Shareholder? This is the term for anyone who owns "shares" in a Limited company. As a shareholder, you own part of a company in relation to the proportion of shares you hold. A company can have a single shareholder or several shareholders. Every person has the right to receive a share of the profit proportional to the number and value of his shares. Shareholders are commonly referred to as "Members". The initial shareholders of a company, the people who register the company and agree to become shareholders, are also called "subscribers". Can anyone Become a Shareholder? Yes, any natural or legal person (company, business, organization, etc.) can be a shareholder of a Limited company. What is the Minimum Number of Shareholders Required to Register a Limited Company? Companies House requires at least one shareholder to form a Limited company.. There is no maximum number of shareholders a corporation can have. Is a Shareholder the Same as a Director? no A shareholder owns a business by buying or acquiring shares. A director is appointed by these shareholders to direct the operational activities of a company. However, a shareholder can also be a director. This is very common in small businesses and startups. In many cases, a single person assumes the role of sole shareholder and sole director. What does a Shareholder Do? Shareholders hold shares in a company. The "face value" of their shares is the amount they have to pay for trade debts. Shareholders receive a share of the company's profits proportional to the number and value of their shares. They are not responsible for the day-to-day operations of the business unless they are also directors. Shareholders decide only important matters, such as changing the corporate name, appointing or dismissing directors, modifying the powers of directors, and amending the articles of association. What are Shares? A share is a part of a company limited. Each share represents a certain percentage of the business. Anyone who owns shares in a limited company is called a "shareholder" or "member". The number of shares held by each member determines the share of the company that he owns and controls. They usually receive a percentage of the company's profits that corresponds to their stake. Here are some simple examples of popular sharing structures: ● One issued share = 100% ownership of the company. ● Two equal shares = 50% ownership per share. ● 10 of equals = 10% ownership per share. ● 100 of equal value = 1% ownership per share. Who can have shares? Shareholders can have shares, but in the UK a limited company can only hold shares in the company. Why Might a Business Want to Own Shares? This isn’t that unusual, and owners of multiple companies sometimes form a limited company to own the shares of all of their various companies, and then own the principal parent company. Other reasons can be: ● Cash-rich companies may choose to invest some of that cash by buying shares in other companies just to get the revenue and capital growth they would see. If you have a profitable and growing business, you can sell shares to raise capital. ● A company may wish to own a business that manufactures complementary products so that they can be used in a combined marketing strategy. ● The company may want to buy a supplier to lower the cost of the materials it needs or to control who else has access to it (which could make life very difficult for its competitors). Note: Companies that have interests in other companies can get very complicated, especially when it comes to accounting and taxes. Always get advice! What are Shares for Tax Purposes? If you own shares, you could receive dividends from the company or sell the share and get paid that way. Unfortunately, it's rarely possible to evade taxes and the income you could make from it is no different! Shares and the Taxes on Dividends Individuals who receive dividends usually have to pay tax on the dividends. This is a different rate from income tax and the rate you pay depends on what tax bracket your income is in. There's no limit to how often a company can pay out dividends, or how much, as long as there's enough left over for the business to function normally. Since dividends are a portion of earnings, the total amount is divided by the number of shares held and then multiplied by the number of shares the shareholder owns. Here, too, pay attention to the shareholders' agreement or the company's articles of incorporation. If the company launches different share classes, it may pay dividends at different rates depending on what type you own, so your earnings cut may be different than someone else's. Why Choose "Pro Tax Accountant" for your Limited Company? "PTA" is a tax specialist. We specialize in accounting for limited companies and offer a variety of services. We can help you start a brand new business or assist you with opportunities to increase cash flow and profits with an existing business. We can also advise you and provide you with all the tools, support, and information necessary for you and your limited company to grow. After all, there are no limits to your business opportunities if you choose "PTA". Contact us today.

There have been companies with a name that is different that is not part of the official Companies House registration or using the prefix "T/A" (trading as) before their name. This can be somewhat confusing and given that no one wants to get in trouble when dealing with Companies House, In the UK it's entirely feasible to register your business name at Companies House but to trade under a totally different name. It's not only feasible but also frequent, especially for companies that have multiple locations, and who could even operate under different names on their various sites while having only one registered name in the Companies House. At "Pro Tax Accountant", we assist companies with business formation and register company names daily. But what's the difference between a trading name and a company name? What is a Company Name? It is the name used by the registered business with Companies House, and the name that appears on all legal documents that pertain to the business. Whatever name the business employs, the actual name of the business is the one listed in Companies House. Names for companies must be distinctive and shouldn't sound or look similar to another company. For instance, a company cannot use its name to register in the form of "Digital eight" if there was a previous company that was named "Digital 8". What is a Trading Name? Trading names are completely distinct thing from the company's registered name. It doesn't need to be registered at all and does not have the same restrictions as the company name. In reality, the same company could use multiple trading names, or simply select to use their business name as their trade name. Examples: ● A company could purchase another business, and then incorporate it into its current operations. The name and brand of the acquired business is valuable in terms of the loyalty of customers and recognition of its name, and the new owners may choose to use it. ● A company could set up various departments, possibly in the hopes of creating and providing a specific service. Each department may have its own trade name to ensure that it can be distinguished from other goods or services. There isn't any requirement to select a trading name. If you don't wish to choose one, you can use your business name and everything will be fine. The Benefits of Company and Trading Names The use of a trading name is popular with numerous UK businesses despite the risks. Making use of any of the trading names that fall under one umbrella bigger parent company could help save time and money on secretarial and administrative work because the documentation needs to be filed under the name of the registered company. Trading names are also a way to distinguish different areas within your company. It is possible to use your company name to represent your main business and trade names for offshoots and specific areas. This could help potential clients discern the various products and services you provide. Another benefit of having the trading name is the possibility to bring your brand's identity together especially online. You'll have the option to select a name for your business that matches an existing domain name as well as accounts on social networks. The Drawbacks of Company and Trading Names One of the major disadvantages of trading names lies in the possibility that someone else will use your trade name to register the name of their business with Companies House. This can disrupt your business and affect your company's reputation among your customers and potential investors. As mentioned previously, when you choose a trading name, you are opening yourself to trademark infringements as well as the names of companies that exist that could create legal issues later on. This is why it is essential to do the appropriate research prior to registering or deciding on any name. If you're planning to register multiple businesses, it can be tedious and time-consuming; this is the reason we recommend making use of services such as those provided by Company Registrations Online. We provide company registration services and strive to ensure that the companies you're required to register are registered efficiently, legally and properly. Trading Name or Company Name? In certain situations, it is possible to choose a trading name. This is useful if you have an official business name that doesn't accurately represent the brand you are using or if you are unable to register your desired trade name. It's easy to do and doesn't require much to do in terms of legal requirements. Contrast this with changing the business name registered with Companies House where you will be required to go through an official process, and then you can change all your contracts to reflect the new name. Even when you make every effort to select a suitable name the name could alter as your company grows and the name of a trader can be helpful. If you've got a lot of distinct brands you would like to differentiate from one another, then trading names could be helpful too. Final Thoughts The operation of your business using one or more trade names offers many advantages. It is possible to distinguish the different aspects of your business and establish a solid reputation by aligning the trade name with your domain's name, and also the cost savings that could be realized by not having to file confirmation statements and files for the top registered business. But there are also some serious dangers and drawbacks and you should complete an exhaustive trademark and name search prior to proceeding as the consequences can be very costly. Learn more about our registration services. Call 07985689912 to chat to the team, and get an instant online quote.

Reading a company's annual accounts can be a complex task – especially for nonprofessionals, but it is an important step in understanding the financial health of a business. So if you are the company boss and your accounts manager presents you with the annual accounts report for an overview, before submitting it to HMRC. What are you going to do? The following tips can help you navigate the information and make informed decisions about investing in a company. 1. Understand the Different Types of Annual Accounts: A company may have several different types of annual accounts, including a balance sheet, income statement, cash flow statement, and statement of changes in equity. Each of these documents provides important information about the company's financial performance and position. 2. Familiarize Yourself with Financial Terminology: To fully understand a company's annual accounts, you need to be familiar with financial terms and concepts. This includes understanding the difference between assets and liabilities, revenue and expenses, and cash flow and net income. Some of the popular terms used in annual accounts reports are: An Asset: It is anything a company owns that has measurable value. Liabilities: It refers to money that the company owes to debtors, such as B. staff costs owed, debt payments, rent and utilities, liabilities, and taxes. Equity: It refers to the company's net assets. It is the amount of money that would be left if all assets were sold and all liabilities were paid. This money belongs to the shareholders, who can be private owners or public investors. Revenue: The amount of money made by the company Expenses: The amount of money spent by the company Cost of Goods Sold (COGS): The cost of the components needed to produce what the company sells EBITDA: Earnings before interest, taxes, depreciation, and amortization Gross Profit: Total sales minus cost of goods sold Operating Income: gross profit minus operating expenses Income Before Tax: Operating profit minus non-operating expenses Net Income: Profit before tax minus tax Earnings Per Share (EPS): Divide net income by the total number of shares outstanding Depreciation: The extent to which an asset (e.g. old equipment) loses value over time 3. Look For Trends Over Time: One of the most important things to look for when reading a company's annual accounts is trends over time. This includes comparing the company's financial performance in the current year to previous years, as well as looking for changes in revenue, expenses, and other key metrics. 4. Compare the Company to Its Peers: To get a more complete picture of a company's financial performance, you should also compare its annual accounts to those of its peers in the same industry. This can help you identify strengths and weaknesses and make more informed decisions about investing in the company. 5. Pay Attention to Footnotes: Many annual accounts include footnotes that provide additional information about the company's financial performance and position. Be sure to read these carefully and understand the information they provide. 6. Seek Out Independent Expert Analysis: You can also seek out independent analysis of a company's annual accounts, such as that provided by financial analysts or rating agencies. This can help you understand the company's financial performance and position in more detail and make more informed decisions about investing in the company. How to Read the Individual Components of an Annual Accounts Report? How to Read the Balance Sheet? The balance sheet shows the "book value" of the company. You can see what resources are available to you and how they are funded at any time. Show your assets, liabilities, and equity (basically what you owe, what you own, and the amount invested by shareholders). Financial statements also provide information that can be used to calculate returns and evaluate capital structure using the accounting equation: Assets = Liabilities + Equity. A balance sheet by itself does not provide a picture of trends, so you must examine other financial statements, including the income statement and cash flow statement, to fully understand a company's financial condition. How to Read an Income Statement? An income statement, also known as a profit and loss account, summarizes the cumulative effect of transactions on income, profits, expenses, and losses over a period of time. Commonly shared as part of quarterly and annual reports, the document shows financial trends, business activities (revenues and expenses), and comparisons over a period of time. How to Read Cash Flow Statements The purpose of the cash flow statement is to provide a detailed picture of what happened to the company's cash during a specific period of time, called the accounting period. It shows the short-term and long-term performance of the organization based on the level of cash inflows and outflows. The cash flow statement is divided into three sections: cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities. Ideally, cash from operating income should regularly exceed net income, as positive cash flow reflects a company's financial stability and ability to grow its business. However, positive cash flow does not necessarily mean that the company is profitable, so you also need to analyze the balance sheet and income statement. How to Read the Annual Report? An annual report is a bulletin that publicly traded companies are required to publish each year to shareholders detailing their operating and financial conditions. Annual reports often include editorials and storytelling in the form of photos, charts, and letters from the CEO describing the company's activities, benchmarks, and results. They give investors, shareholders, and employees a better understanding of the company's mission and goals than individual financial statements. Far from editing, the annual report summarizes the financial statements and includes the company's income statement, balance sheet, and cash flow statement. It also provides industry insights, management discussion, and analysis (MD&A), accounting principles, and additional investor information. Conclusion Overall, reading a company's annual accounts can be a complex task, but by understanding the different types of annual accounts, familiarizing yourself with financial terminology, looking for trends over time, comparing the company to its peers, paying attention to footnotes, and seeking out independent expert analysis, you can gain a better understanding of the company's financial performance and position and make more informed decisions about investing in the company.

The deadline for completing Self-Assessment tax returns online for the 2021 to 2022 tax year is 31 January 2023. For on-paper tax returns, it was 5 October 2022 for the same year. If you keep earning untaxed earnings from 6 April 2022, this may fall into the tax year 2022-23, which ends on 5 April 2023. The deadline for filing a 2022-23 Self-Assessment tax return may be on 31 January 2024. Before tax-payees can complete their first tax return, they need to register with HMRC to obtain their Unique Taxpayer Reference (UTR) as it is required to file a return. The tax return cut-off date for the 2021 to 2022 tax 12 months was 31 October 2022 for the ones who submitted on paper forms, and 31 January 2023 for online returns. HMRC follows a policy of encouraging customers to file in advance tax returns to finish their Self-Assessment on time. Customers who submit early returns will benefit from knowing what they owe, letting them manage and pay at a time that suits them. If customers are due a reimbursement, they may get it back faster. Customers can test if they want to finish a tax return by the usage of the free online device on GOV.UK. The easiest manner to complete a tax go-back is online. Once a client is registered for Self-Assessment, they could use their UTR to get entry to their tax return, in addition to info on their income or profits and different economic information. Detailed records on what documents are wanted for Self-Assessment are on GOV.UK. For those who have already filed their tax return but still want to pay any tax owed, they are able to go to GOV.UK to discover extra about the payment options. Customers can now make Self-Assessment bills fast and securely through the HMRC app. If anyone is concerned about paying their tax bill, aid is available on GOV.UK, for instance, if customers are not able to pay in full tax, they may be able to set up a monthly fee plan online if the tax owed is much less than £30,000. All Self-Assessment clients need to be alert to the hazard of criminals emailing, calling, or texting claiming to be from HMRC. Scams come in many shapes - some threaten on-the-spot arrest for tax evasion, and others provide a tax rebate. HMRC additionally urges customers by no means to share their HMRC login info with anyone. To download the HMRC app, clients can go to the App Store from their iPhone or Google Play for Android and follow the download and installation instructions from there.