Claiming Relief for Employment Expenses
If you incur expenses in doing your job, you may be able to claim tax relief. While the rules governing the availability of relief are
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Trivial Benefits – Make Use of the Exemption
Trivial benefits have their own tax exemption, which if used wisely can be used to treat employees. The exemption can also be used by personal
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Family and Personal Companies – Optimal Salary for 2023/24
A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends. Why Pay a Salary? There are
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Taxation of Dividends in 2023/24
If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract profits. However, while they remain tax efficient,
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Doing Up a Property – Are you Trading?
Taking on a renovation project can be hugely appealing, particularly if the property is subsequently sold at a profit. However, from a tax perspective, it
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Do you Need to Pay the Annual Tax on Enveloped Dwellings By 30 April 2023?
The Annual Tax on Enveloped Dwellings (ATED) is an annual tax payable on residential property valued at more than £500,000 which is held by a
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Relief for Replacement Domestic Items
If you let a furnished property, it is very likely that you will need to replace domestic items from time to time. A specific relief
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Companies House Changes – A Reason for Disincorporation?
In March last year, the government published a White Paper setting out its final position on reforming Companies House ahead of introducing legislation. The big
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Tax E-News – Budget Special
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and
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Overpayment Relief Claim – How Long Do you Have?
Tax repayment claims are usually made via the submission of a tax return. The time limit for amending a return (whether individual or company) is
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