IFS report on UK tax record
Posted by Karen Jones on June 13, 2024The Institute for Fiscal Studies released a report on the UK’s tax record since 2010. We look at the key points and what they mean.
Millions to become higher rate taxpayers – will you be one?
Posted by Karen Jones on April 22, 2024Millions of people are set to become higher rate taxpayers, thanks to a frozen personal allowance and wage increases. But can you avoid it?
The Rent a Room Scheme – a brief guide
Posted by Karen Jones on April 12, 2024Did you know that, if you rent furnished accommodation in your main home, you could earn £7,500 tax free under the Rent a Room scheme?
MTD ITSA – should you sign up early?
Posted by Karen Jones on April 11, 2024Although Making Tax Digital for Income Tax Self Assessment (MTD ITSA) won’t be mandatory for a while, you can sign up early. But should you?
Construction VAT Reverse Charge
Posted by Karen Jones on April 10, 2024Working as a contractor or subcontractor in the construction industry? Here’s what you need to know about the Construction VAT reverse charge.
How to reduce your Corporation Tax bill…
Posted by Karen Jones on March 29, 2024We have devised a few suggestions on how to reduce your Corporation Tax bill. Forward Tax planning is key to reducing taxes.
What improvements are allowed for Capital Gains Tax?
Posted by Karen Jones on March 25, 2024If you improve an asset, you can deduct the cost from CGT. But what improvements are allowed for Capital Gains Tax?
Working from home tax break: not as generous as it was in COVID times!
Posted by Karen Jones on March 8, 2024Have you been claiming the working from home tax relief? If so, make sure you know the correct rules for the current tax year.
Government Gateway accounts to be replaced
Posted by Karen Jones on March 4, 2024The government is phasing out Government Gateway accounts. Soon you’ll be able to access central government services using a single login.
HMRC continues to clamp down on unpaid dividend tax
Posted by Karen Jones on February 12, 2024HMRC continues to write to business owners it believes have failed to declare and pay dividend tax. We tell you what you need to know.
