MY TAX MATE LTD

MY TAX MATE LTD Our mission is to add value to & contribute to your success. We are Chartered Certified Accountants

My company My Tax Mate Ltd uses AI where necessary. AI can help reduce the time spent on tasks, especially routine tasks...
20/03/2026

My company My Tax Mate Ltd uses AI where necessary. AI can help reduce the time spent on tasks, especially routine tasks; it can help with research and finding answers to problems or working out tax planning strategies too. This helps deliver a fast quality service. ChatGPT is very useful but answers require a bit of scrutiny and validation; more specialist AI platforms like recent ones by tax advisory companies are more accurate (providing links to references to tax legislation).
However “Garbage in Garbage out” still applies and AI lacks the human wisdom and judgement elements.

Tax and accounting services for individuals, charities, and businesses in Kensington. Certified and experienced team at My Tax Mate. Contact us today.

UK personal tax returns have to be filed by 31 January. Why risk a fine of £100 for not filing on time. We can prepare a...
03/01/2026

UK personal tax returns have to be filed by 31 January. Why risk a fine of £100 for not filing on time. We can prepare and file your tax return from £100 to £200 depending on complexity

Tax and accounting services for individuals, charities, and businesses in Kensington. Certified and experienced team at My Tax Mate. Contact us today.

28/09/2025

There is a lot of anti-immigrant rhetoric and even demonstrations in some Western countries. White Supremacy is at a high ebb. It is more pronounced in the USA, Poland, Netherlands, Australia, New Zealand and UK. They forget that their countries are built on wealth extracted from the countries the targeted immigrants originate from. The westerners were not invited there. They occupied by force. The wealth they have and use to dominate, dictate to and discriminate against the minorities was not by fair trade but by looting, piracy, slavery, use of indentured labour and genocides. There is little mention of 10-20 million Africans killed by King Leopold of Belgium (mainly to extract rubber); many were enslaved and tortured. There is also little mention of the torture and killing of Africans in Kenya and other parts of Africa. It is estimated that almost 100 million people suffered starvation in India at the hands of the British; little mention of the many massacres and other terrible deeds. There is also little mention of the fact that the World Wars were won due to the 2.5 million armed personnel from India and money from India never repaid (in contrast UK had to repay the loans from USA, etc); credit is given to the Canadian and Australians instead who contributed much less. They extracted wealth and resources by unfair taxation, unfair trade and relocation of industries like clothing, destroying Indian industries so they could not compete. The Americas were looted, pirated, people enslaved and masses eradicated. The conquests began by the Spanish (who were in turn pirated by the British and Dutch) followed by the Dutch, British, Portuguese, etc. North America is built on slavery, indentured labour from Ireland and India. The Natives were virtually all annihilated as they were in Australia and New Zealand. In order to occupy and control the Kings and Gentry who were rulers encouraged and rewarded their people by giving them land and money if they killed and brought back the scalp of an indigenous Indian or Aborigine. Hundreds of millions were exterminated. Most of these facts are hidden from conventional history and media.
It is a funny sight seeing white Australian and New Zealand occupiers of Aboriginal lands dress as Aborigines and chant their war cries to protest against ethnic minority immigrants when they eradicated the very people they now dress as to protest against coloured immigrants.
The anti-immigration thrust is against ethnic minority immigrants. It is racism to the extreme. It owes its background to the sub-humanisation of non European Christians. The sub humanisation is evidenced by Pope Alexander’s papal decree in 1493 (that non Christians/ non Europeans were sub human and not worthy of holding land or livestock- encouraging the plunder and genocide in America), the fact that Africans were enslaved, others used as indentured labour and that Aborigines were regarded as flora (not human) till early 1960’s.
Most Western people are not aware of the above so not knowing their history behave badly; it is important to make people aware of the history by including the above in mainstream education and media.

27/09/2025

HMRC SEEKING FUNDS TO FILL THE BUDGET GAP.pptx

18/08/2025

The government is bringing out new rules restricting the amount pensioners can withdraw from their own private pensions. The new pension withdrawal limits have sparked real concern across the UK. While the government wants to protect retirees’ long-term finances, many feel these rules are too restrictive. Funds may be needed for medical treatment or family emergencies or larger purchases. A balanced approach, considering individual needs, could help ensure security with some freedom of choice.

30/04/2025

MTD - making tax digital requires quarterly filing of returns with HMRC using digital software that is approved by HMRC.
Since April 2022, all VAT-registered businesses have been required to keep digital records and file returns through MTD-compatible software. It is now the default way to manage their VAT affairs.
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requires businesses and landlords with qualifying income to maintain digital records and update HMRC each quarter using compatible software. For individuals, MTD for ITSA will be introduced in two phases:
* from April 2026, for those with qualifying income over £50,000
* from April 2027, for those with qualifying income over £30,000

MTD for corporation tax has yet to be introduced.

06/01/2025

UK personal Tax returns due this month

30/10/2024

Main items in the budget of 30 October 2024 affecting many people are:
Capital gains tax on residential property will stay the same for basic rate taxpayers at 18%. Non residential capital gains will increase to be in alignment with Residential property capital gains tax. The higher rate for residential property goes down to 24% from 28% and non residential property capital gains tax goes up from 20% to 24%. So CGT is aligned and same for all assets.

Stamp duty increases for those buying a second property- the additional property stamp duty goes up from 3% to 5%.

Employees pay no national insurance till they are above their personal allowance limit of £12570 currently. However Employers start paying National insurance on salaries above £5000 instead of £9100. The rate goes up to 15%. However the limit till when Employment allowance will be available goes up from £5000 to £10,500.

Not much change to inheritance tax.

Private school fees will have VAT added to them.

We are Quickbooks Certified ProAdvisors. we can help business with Quickbooks for a modest fee.
10/08/2024

We are Quickbooks Certified ProAdvisors. we can help business with Quickbooks for a modest fee.

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62A Pembridge Villas
London
W113ET

Opening Hours

Monday 9:30am - 5:30pm
Tuesday 9:30am - 5:30pm
Wednesday 9:30am - 5:30pm
Thursday 9:30am - 5:30pm
Friday 9:30am - 5:30pm

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