My Tax Accountant

06/09/2026

This video explains HMRC late payment interest rates and practical considerations for UK taxpayers during the 2026/27 tax year.

HMRC charges interest when certain tax liabilities are paid late, so understanding the applicable rate and payment dates is important for managing cash flow and avoiding unnecessary costs. The video discusses how late-payment interest can affect Income Tax, National Insurance contributions and other relevant liabilities, with reference to current HMRC guidance.

It is useful for self-employed individuals, landlords, company directors and other UK taxpayers responsible for making tax payments.

We cover practical steps including checking payment deadlines, reviewing outstanding HMRC balances, budgeting for liabilities and dealing promptly with payment difficulties.

Good record keeping and timely communication with HMRC can help taxpayers manage compliance risks and understand the consequences of late payment.

Contact MTA:
Phone: 0208 5708531
Email: [email protected]
Website: www.mytaxaccountant.co.uk

Disclaimer: This video provides general UK tax guidance only and is not personalised tax advice. Tax treatment depends on individual circumstances and the type of liability involved. HMRC rules, rates and deadlines can change, so viewers should check the latest official guidance. MTA does not accept responsibility for decisions made solely from the information presented in this video. Consider obtaining professional advice before taking action on a specific tax matter.

04/09/2026

https://www.mytaxaccountant.co.uk/post/correcting-state-pension-underpayments

Discover how to identify state pension underpayments and reclaim your owed funds from the DWP in the UK. Claim what you're entitled to today!

03/09/2026

This video explains HMRC compliance for UK residents earning income from global remote work in 2026, including UK reporting and foreign-income considerations.

UK tax residence can be important when determining the scope of an individual's UK tax obligations. Depending on the circumstances, income earned from overseas clients, employers or platforms may need to be considered for UK tax purposes, even where the payer or work arrangement is outside the UK.

The guidance is relevant to UK residents working remotely for overseas businesses, freelancers, consultants, contractors and individuals receiving income from international clients or platforms.

We discuss tax residence, Self Assessment reporting, foreign income records, exchange-rate calculations and the potential relevance of double taxation relief. The correct treatment depends on the individual's circumstances, the source and nature of the income and any applicable tax treaty.

Failing to report relevant overseas income can lead to additional tax, interest, penalties and HMRC compliance enquiries. Keep contracts, invoices, payment records, bank statements and supporting foreign-tax documentation.

For professional assistance:
Phone: 0208 5708531
Email: [email protected]
Website: www.mytaxaccountant.co.uk

Disclaimer: This video provides general UK tax guidance only. It is not personalised tax, accounting or legal advice. The taxation of international income depends on individual circumstances, residence status and applicable tax rules. Tax treaties and HMRC guidance can affect the treatment of overseas income. You should obtain professional advice before relying on this information for your own tax position.

02/09/2026

https://www.mytaxaccountant.co.uk/post/inheritance-tax-secrets

Discover inheritance tax secrets to maximise the residence nil rate band and protect your family home. Save thousands on UK IHT now!

01/09/2026

This video explains HMRC Code of Practice 9 (COP9) outline disclosures, including what information may need to be provided initially and what may be reserved for the full report.

COP9 applies to certain HMRC investigations involving suspected serious tax fraud and can involve the Contractual Disclosure Facility (CDF). The disclosure process requires careful consideration because the information provided may have significant consequences.

This video is relevant to UK taxpayers who receive a COP9 notice, individuals dealing with an HMRC fraud investigation and professional advisers assisting with the disclosure process.

We discuss the purpose of an outline disclosure, the importance of identifying the relevant tax irregularities, maintaining consistency with the evidence and preparing properly for the more detailed disclosure stage. Professional advice should be obtained before making substantive disclosures to HMRC.

Errors, omissions or inconsistent information can create serious tax and compliance consequences. COP9 matters are highly fact-specific and should not be approached as a routine tax return correction.

For professional assistance:
Phone: 0208 5708531
Email: [email protected]
Website: www.mytaxaccountant.co.uk

Disclaimer: This video provides general UK tax guidance only. It is not personalised tax, accounting or legal advice. COP9 investigations can involve complex factual and legal issues. HMRC procedures and relevant legislation can change over time. Anyone receiving a COP9 notice should obtain appropriate professional advice before making a disclosure.

31/08/2026

https://www.mytaxaccountant.co.uk/post/is-your-life-insurance-policy-taxable

Discover if life insurance is taxable in the UK and how placing policies in trust can reduce inheritance tax liabilities.

30/08/2026

This video explains contracting through your own limited company in the UK for 2026/27, focusing on salary, dividends and profit extraction.

For many owner-managed companies, deciding how much to take as salary versus dividends can affect Income Tax, National Insurance, Corporation Tax and the amount of profit retained within the company. There is no single extraction strategy that suits every contractor.

The video is relevant to UK contractors, company directors, consultants and freelancers operating through their own Ltd company.

We discuss the key factors to consider when setting director remuneration, including salary levels, dividend distributions, available company profits, personal tax bands and the wider tax position. Contractors should also consider IR35 where relevant, as employment-status rules can materially affect the analysis.

Poor extraction planning can create unexpected tax liabilities, compliance issues or cash-flow problems. Company records, board minutes and dividend paperwork should be maintained correctly.

For professional assistance:
Phone: 0208 5708531
Email: [email protected]
Website: www.mytaxaccountant.co.uk

Disclaimer: This video provides general UK tax guidance only. It is not personalised tax, accounting or legal advice. Tax treatment depends on individual circumstances and the facts of each company. HMRC rules and tax rates can change over time. You should obtain professional advice before implementing an extraction strategy.