To encourage pension savings, tax relief is available on contributions made to registered pension schemes. However, there are limits on the contributions that can qualify
Pension Payments – What Tax Relief is Available? Read More »
For a brief period it seemed that the days were numbered for the additional rate of tax following the announcement in the ill-fated mini Budget
Beat the Reduction in the Additional Rate Tax Threshold Read More »
Directors’ loans can be tricky from a tax perspective. Specific tax charges apply where loans to director shareholders of close companies (broadly those under the
Repaying Directors’ Loans – Does the Order Matter? Read More »
Limited liability partnerships (LLPs) are a relatively new type of business structure that came into being following the financial crisis of the late 1980s, and
LLP VA Company – Which is Best? Read More »
If used correctly, dividend waivers can be an effective planning tool, particularly where one shareholder is a higher-rate or additional rate taxpayer and others are
Using Dividend Waivers as a Tax Planning Tool Read More »
Business property relief (BPR) is one of the more valuable tax reliefs available to business owners because it reduces the value of an estate for
Business Property Relief – Be Aware of the Pitfalls Read More »
As well as a mechanism for collecting revenue, the tax system is also used to encourage certain behaviours and discourage others. One example where this
Are Electric Cars Still A Tax-Efficient Benefit? Read More »
Entitlement to the state pension and certain contributory benefits depends on an individual having paid, or been credited with, sufficient National Insurance contributions. To qualify
Should I Pay Class 2 NIC Voluntarily? Read More »
The trading allowance enables an individual to earn up to £1,000 from self-employment, the provision of casual services (such as gardening or babysitting) or from
Can you Benefit from the Trading Allowance? Read More »
The VAT default surcharge is being replaced with a new VAT penalty and interest regime. The new rules apply to VAT accounting periods beginning on
VAT Penalties – New Rules Read More »
