Trade Allowance

what are pensionable earnings

A Simple Guide About Pensionable Earnings and Ways to calculate them!

Are you an employer or associated with a company as an employee? It is important to discover facts about pensionable earnings and to define them clearly, you should have a clear understanding of what are pensionable earnings. In case you have enrolled an employee of your company on the pension scheme, under UK law the minimum […]

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capital allowances on cars

Capital Allowances on Cars: How Much Tax Relief Can You Claim?

First-year stipends are a duty motivator in the UK that permits enterprises to deduct the expense of qualifying costs against their assessment bill in the primary year the hardware was bought. Get familiar with year-end representing restricted organizations, and capital allowances on cars. What documentation do you need to assemble for your government form? In

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HMRC depreciation rates

HMRC Depreciation Rates and Capital Allowance

To make tax equitable and fair while calculating the taxable profits, HMRC’s way is capital allowance. It aims to provide accurate HMRC depreciation rates during publication. Regardless of whether a business entity is a sole trader, partnership, or limited company, capital allowance is the tax equivalent of depreciation. This blog aims to look at claiming

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Trading Income Allowance

Here’s All you Need to Know About Trading Income Allowance 

Lockdown restrictions have forced many businesses to close down permanently.  If you’re ready to sell your clothes on sites like eBay and Depop, know that it’s an excellent opportunity for you to raise some cash in difficult times. Here are some Trading Income Allowances and associated tax implications you need to tell HMRC about.  

Here’s All you Need to Know About Trading Income Allowance  Read More »

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