04/08/2022 More...
Here is a reminder of any duty payable and tax-free allowances if travelling abroad this summer. If04/08/2022 More...
There is a benefit in kind (BiK) trivial exemption that applies to small non-cash benefits like a bo04/08/2022 More...
The easiest way to ensure that no car-fuel benefit charge (for private journeys in a company car) is04/08/2022 More...
There is no statutory definition of ‘trade’. The only statutory reference to the term is that â€04/08/2022 More...
The Annual Investment Allowance (AIA) is a generous tax relief that was first introduced in 2008. Th04/08/2022 More...
There are special rules known as the miscellaneous income sweep-up provisions that seek to charge ta28/07/2022 More...
The majority of gifts made during a person's life are not subject to tax at the time of the gift. Th28/07/2022 More...
The replacement of domestic items relief has been in place since April 2016. The relief allows landl28/07/2022 More...
If you are self-employed as a sole trader or as a partner in a business partnership, then you must k28/07/2022 More...
Whilst most businesses in the UK charge VAT at the standard rate of 20%, there are a number of diffe28/07/2022 More...
The settlement legislation seeks to ensure that where a settlor has retained an interest in property28/07/2022 More...
The letters in an employee’s tax code signify their entitlement (or not) to the annual tax-free pe21/07/2022 More...
In the Spring Statement earlier this year, the then Chancellor, Rishi Sunak, announced an NIC tax-cu21/07/2022 More...
The marriage allowance can be claimed by married couples and those in a civil partnership where a sp21/07/2022 More...
There are special rules which allow individuals who have set up private pension scheme(s) to benefit21/07/2022 More...
The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples a21/07/2022 More...
Non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax on the21/07/2022 More...
Employers must ensure they are paying staff the new National Minimum Wage (NMW) and National Living14/07/2022 More...
Last week saw the resignation of the previous Chancellor Rishi Sunak from the Government. The previo14/07/2022 More...
The tax gap for the 2020-21 tax year has been published and remains at 5.1%. This is the second lowe14/07/2022 More...
The Bank of England will be withdrawing legal tender status of paper £20 and £50 banknotes after 314/07/2022 More...
If you have recently setup a new limited company or are thinking of doing so then one of the areas t14/07/2022 More...
The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditi14/07/2022 More...
Some businesses and agents are already keeping digital records and providing updates to HMRC as part
