How To Claim A Tax Refund
If you have paid too much tax, you will be able to get a refund from HMRC. The mechanics for obtaining your refund depending on
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News
Claim The Employment Allowance For 2023/24
The Employment Allowance is an allowance that eligible employers can claim to set against their secondary (employer’s) Class 1 National Insurance liability. The employment allowance
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Can you Afford to Sell an Investment Property?
Property is generally a good investment, and where an investment property or second home has been held for many years, it may be worth considerably
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The Dangers of Letting Friends Use the Holiday Let
Furnished holiday lettings have tax benefits that are not available to landlords of residential lets. However, to qualify as a holiday let, certain conditions must
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MTD and Landlords – the New Timetable
Under the original plans, landlords with rental income (or combined rental and business income) of more than £10,000 would have needed to comply with Making
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Tax Implications of Writing Off a Bad Debt
Companies and self-employed businesses with a turnover exceeding £150,000 a year are obliged to prepare their accounts using the ‘accrual’ basis of calculating profits i.e.
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Corporation Tax Rate Changes – What are Tax Implications?
Most directors know that as of 1 April 2023, companies with taxable profits in excess of £250,000 will pay corporation tax at the main rate
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NIC Position if you are Employed and Self-Employed, Deferment
With different rates and limits of National Insurance contributions (NIC) for the 2022/23 year, anyone who has more than one paid job or who is
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Taxation of Company Vans in 2023/24
A tax charge may arise under the benefit in kind legislation where a company van is available for an employee’s private use. If fuel is
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Basis Period Reform – Preparing For the Transition
As part of the move to Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA), the basis period rules are being reformed. Despite the
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