Can you Recover VAT on Company Car? Your Questions Answered
Can you recover the VAT on the company car? This is a question that has been asked multiple times by employers providing their employees with a car.
Health & Social Care Levy: 1.25% Tax Increase to Cover Social Care Costs
1.25% tax increase to cover social care costs has been announced for all taxpayers under government plans to fund a health and social care levy. Health and Social Care Levy on Earned Income From April […]
Tax-Free Childcare Scheme: Who Qualifies & How Does It Work
HMRC has issued a reminder to families that are eligible for tax-free childcare that they can use the scheme to help with their childcare costs.
MTD for ITSA FAQs
MTD for Income Tax is a service that enables businesses and landlords to keep their records digitally and submit information about their business income to HMRC using MTD-compatible software.
Residential Property Developers Tax (RPDT) – April 2022
The government has given less than a year’s notice of a new tax it proposes to levy on profits made from residential property development from 1 April 2022.
MTD ITSA: Making Tax Digital for Income Tax Starts in April 2024
MTD for income tax will be effective from 6 April 2024 for all sole traders, landlords etc. irrespective of when their current accounting period ends with MTD for general partnerships postponed to 2025.
Import One Stop Shop (IOSS): Simplify Declaring & Paying Import VAT
This week we’re answering questions about the Import One Stop Shop (IOSS), an e-commerce system recently introduced by the EU to simplify the payment of VAT.
Recent Tax Changes for UK Property Investors – Spring 2021
A number of tax changes for UK property investors have added to compliance requirements for property owners and increased tax bills.
Filing Deadlines July 2021: Key Dates for the UK Tax Year
July 2021: In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates for the UK tax year.
Tapered Annual Allowance: Threshold & Adjusted Income
Tapering will restrict pensions tax relief by introducing a reduction in the amount of the annual allowance for individuals with an adjusted income.
P11D – Impact on Covid-19 on Benefits in Kind
As the pandemic has changed the way that many of us work, there is an impact on the benefits and staff support that employers provide.
VAT on Food in the UK: Standard & Zero-Rated VAT Items
Are you a VAT registered business looking to figure how VAT is applicable on your food items? Click through to find out more about the applicable rates.
SEISS 5th Grant: When and How Can I Claim the 5th Self-employed Grant?
SEISS 5th Grant covering May 2021 to September 2021 will be open to claims from late July 2021. Learn how to claim it!
New National Insurance Rules for Company Directors
HMRC have issued new national insurance rules for company directors in their recently published 2021/22 edition of booklet CA44. Click through to learn more.
130% Super-deduction Capital Allowance on Leased Assets
For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments.
What is an Umbrella Company & How Does It Work?
Umbrella company is one of the most popular options being offered to individuals whose contracts using their PSCs have been deemed to be inside IR35 regulations.