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TAX
Tax Rises Inevitable Amid Tariff Trade War?
The dust had barely settled on Rachel Reeves’ Spring Statement before shockwaves were sent through financial markets following news of trade tariffs from America. Donald
Tax-Deductible Training Costs
As a business owner or as a self-employed person, you may have costs from time to time for training. It may be for yourself or
Taxman Collects More than £400m in Interest Charges
The amount the tax man collects from interest charges has grabbed some media attention in recent weeks, as new data was published. Following a Freedom
The Autumn Budget – Potential Tax Changes
Chancellor Rachel Reeves has set the date for the Government’s Autumn Budget. It will take place on the 26th of November. Speculation over tax reforms
The Government Refuses to Increase the Annual Personal Allowance to £20,000
Parliament debated a petition calling for the income tax threshold to be raised from £12,570 to £20,000 to allow people to keep more of their
The new tax year has seen my council tax rise significantly. Is there anything I can do to reduce my bill?
Q: The new tax year has seen my council tax rise significantly. Is there anything I can do to reduce my bill? A: Council tax bills
The Taxman has Asked me for Enquiry. Do I Need to Go?
The taxman has selected me for an enquiry, has had all my books and records and now wants me to have a meeting with him.
There are 53 Mondays this year. Is that 53 Times the Taxes?
There are 53 Mondays in this current tax year. Does that mean I will be taxed on 53 times the weekly amount of my state
Trading Losses and CGT
In most cases, it is beneficial to offset trading losses against income – whether that means sideways loss relief against general income or carrying forward
Treasury Coffers Swell from IHT Bills – Even Before Imminent Reforms Set In
Reforms to Inheritance Tax were arguably among the most contentious measures that Rachel Reeves announced during her Autumn Budget. We’ve seen farmers staging significant protests
UK and Ecuador Announce Tax Treaty
The Government has published details of a new tax treaty with Ecuador. The UK and Ecuador signed their first comprehensive double tax treaty on 6
Was this a personal gift or a donation to repair costs?
My café was badly damaged in the recent riots, but my loyal customers have collected £3,000 to help me open the business as quickly as
We buy anything via our company, we don’t pay tax? Is it true?
A friend told me I could purchase a van or motorcycle through my company and not pay any tax on it. Is that true?
What are the Capital Gains Tax (CGT) Implications on Selling Bungalow?
Q. A couple of years ago I self-built a bungalow in my back garden intending to sell on the open market but since then my son
What are the Changes to Alternative Financing Tax Rules?
Tax rules for individuals and companies using alternative finance are to change. The Government released plans for reform on the day of the Autumn Budget,
What are the Exemptions from Council Tax for Unoccupied Properties?
Q.2 Exemptions from council tax? If a property is unoccupied, is council tax still payable, or are there circumstances where you may be exempt? Arthur
What can I Do After Receiving Nil Award For Working 30 hours a Week?
I was made redundant on 27 February 2009 from a job that paid £16,000 a year. Almost immediately I found a part time job that
What Does the New Government Mean for Tax?
The time for debate and conjecture is now over. The General Election was settled on 4 July and we now know we have a new
What Employer NI Changes Should New Businesses Prepare For?
Q:I run a relatively new business. Our employer National Insurance contributions are quite modest at this point, standing at £13,900 annually so far since we
What happened to the Furnished Holiday Lettings rules in the Budget?
What happened to the Furnished Holiday Lettings rules in the Budget? The tax rules and exemptions for furnished holiday lettings (FHL) remain in place