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82 articles
Last Updated: December 13, 2023

Domiciled? Non Domiciled? New guidance on April 2017 domicile changes

From 6 April 2017, all non-UK domiciliaries who have been resident in the UK for 15 out of the previous 20 years will be deemed

Last Updated: December 13, 2023

Employment or self-employment?

There is no statutory definition of ‘employment’ or ‘self-employment’, so determining whether someone is employed or self-employed is not straightforward. Instead, HMRC applies a series

Last Updated: December 14, 2023

First Time buyer, Stamp Duty Land Tax

Stamp Duty Stamp duty land tax – A tax on the acquisition of interests in UK land including houses, flats, other lands, and on both

Last Updated: July 12, 2021

How can I maximize the tax relief from childcare scheme while it lasts?

I’ve heard that tax relief on childcare vouchers is changing from April 2011. How can I maximize the tax relief from this scheme while it

Last Updated: July 12, 2021

How Can I pay online Business tax if I don’t have internet banking?

I’ve been told I will have to pay all my business taxes online very soon. How can I do this if I don’t have internet

Last Updated: July 12, 2021

How do I calculate my inherited Property profit?

My husband inherited a house in 1986 when it was worth £40,000. He gave me a half share in the property in 2009 when it

Last Updated: January 20, 2018

How do I know how much tax I owe?

If you have an Accountant, they will prepare and calculate the tax liability for you. If you fill in a tax return online, it automatically works

Last Updated: September 6, 2022

How Long Must We Live in a Property Before It Becomes Our Main Residence?

Q. We have had a rental property for some years and now that we are retired, we wish to live there and rent out our (original)

Last Updated: January 8, 2018

How to reclaim a tax charge of section 455/S455

How to reclaim a tax charge of section 455/S455?  Please see below the step by step guidance for S455 tax refund, if the outstanding DCA

Last Updated: January 8, 2018

How to Record EU sales? Completing VAT Returns

How to Record EU sales?    Selling goods outside of the UK   Goods sent to an EU country to a VAT registered customer:  

Last Updated: July 7, 2018

How to Record VAT when claiming Expenses?

Being a VAT Registered Business. You must ensure that VAT is charged on all your billable expenses, even if you did not incur VAT yourself.

Last Updated: July 15, 2021

How to Share Income from my Let Property with my Partner?

Before I married I lived in a small flat, which is now let. I would like my wife to receive the income from this flat

Last Updated: July 12, 2021

How will the increase in vehicle benefits impact workers starting in April?

I try to run my business on green principles so all the company cars are hybrid petrol/electric models. But I’ve heard that the car benefit

Last Updated: January 15, 2019

I worked abroad for 4 months, how do i declare in the tax return?

The first thing you need to do is determine your client’s residency status for the tax year. This is determined using the Statutory Residence Test.

Last Updated: July 12, 2021

If my PAYE tax code is 647L, is it true that it should be 747L?

My PAYE tax code is 647L, but the websites I’ve looked at say it should be 747L, which is correct?   The personal allowance for

Last Updated: July 12, 2021

If my wife resigned as a director of a ltd company, Can I claim entrepreneurs’ relief

In January 2008 I formed C Ltd with my wife, we were both directors and held 50% of the shares each. In March 2010 we

Last Updated: July 26, 2021

Is A4-Sized Black and White Form Given by an Employee is Bad?

We have just taken on a new employee who has presented his form P45. But it’s an A4-sized black and white form, not the usual

Last Updated: January 11, 2018

Is Private Medical Insurance Allowable Expense For a Limited Company

The simple answer is Yes, medical insurance is tax-deductible. But there are certain tax obligations. If a company is paying for the private medical insurance

Last Updated: July 12, 2021

Is the additional mortgage interest tax deductible for my business?

I want to buy a new business but the only way I can do that is to increase the mortgage on my house. Will the

Last Updated: July 14, 2021

Is the Linkedin subscription a tax allowable expense for my company?

My company pays a business subscription to Linkedin, the business networking site. It allows me to make business contacts that generate work for me. Is

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