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General Information
Paying a self-assessment liability via PAYE code
Last updated: 16 October 2026 What is coding out? If you are employed or receive a UK pension, HMRC can collect some tax you owe
Paying voluntary NICs
There are various reasons as to why gaps may arise in an individual’s national insurance contributions NIC record, for example, because that person has been
Reducing inheritance taxes by donating to charity What is it?
Last updated: 14 October 2026 How does leaving money to charity reduce inheritance tax? In two ways. First, anything you leave to a UK-registered charity
Rent a room scheme
Although Budget 2017 announced that the Government intends to review the rent-a-room scheme, it currently remains a tax-efficient way of letting out a spare room. Broadly, HMRC’s
SDLT TRANSFERS TO LIMITED COMPANIES
Question: What is the stamp duty land tax implication, when transferring property to the limited company? Answer: Holding a buy to let
Selling Good to UK Company & Shipping to Switzerland on their behalf.
Question A UK VAT registered company that sells gym equipment has made a sale to another UK VAT registered business. However, the customer has
Should I Pay Full Salary to Pregnant Employee who’s on Leave for a Year?
Last updated: 14 October 2026 Do you have to pay full salary to a pregnant employee on a year’s leave? No. Employees can take up
Should I Pay Statutory Sick Pay to an Employee Who Injures Himself?
Last updated: 14 October 2026 Do you have to pay Statutory Sick Pay to an employee who injured himself? Yes, if he’s an eligible employee
Stamp Duty Tax Rates
Last updated: 14 October 2026 What are the stamp duty rates in 2026/27? In England and Northern Ireland, residential stamp duty land tax (SDLT) is
Student Loan Deductions in Tax Return, How student loan is calculated?
Last updated: 14 October 2026 How are student loan repayments calculated on your tax return? If you file Self Assessment and have a student loan,
The assets seem to be eligible for capital allowances. Is that true?
Last updated: 14 October 2026 Which assets qualify for capital allowances? Most equipment, machinery and vehicles a business buys to use over time qualify, as
Tour Operators Margin Scheme (TOMS)
Last updated: 16 October 2026 What is TOMS? The Tour Operators Margin Scheme (TOMS) is a special VAT scheme for businesses that buy in travel
Transfer of a going concern
Last updated: 16 October 2026 The question We are a partnership with turnover above the VAT threshold. We plan to incorporate and run the business
Transfer of Beneficial Ownership
Question Can I assign the income from my investment property to my spouse so it is taxed at a lower rate? Answer
Use Of Home Calculations
Tips to benefit from – and traps to avoid Working from home may be many people’s dream come true. Whether it’s the employee of
VAT on Bitcoins mining | Cryptocurrency Tax
Last updated: 14 October 2026 Is VAT charged on Bitcoin mining? No. HMRC treats income received from Bitcoin and other cryptoasset mining as outside the
VAT On Cash Back Item
Last updated: 14 October 2026 How is VAT treated on cashback? It depends on who pays the cashback and to whom. When a manufacturer pays
VAT on Insurance Compensation Payment
Last updated: 14 October 2026 Is VAT charged on an insurance compensation payment? No. Insurance payouts and compensation for loss or damage are outside the
VAT on Private Tuition
Last updated: 14 October 2026 Do private tutors charge VAT? Usually not. Private tuition is exempt from VAT if it’s given by an individual teacher
What addresses can be used as Registered or Serviced Office address?
What addresses can be used as Registered or Serviced Office address? We provide two London based registered office addresses for limited companies: Mitcham Registered Office