High income child benefit charge and state pension
Last month we looked at tax planning to minimise or eliminate the high income child benefit to keep both husband
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Last month we looked at tax planning to minimise or eliminate the high income child benefit to keep both husband
Land and Buildings Transactions Tax is the Scottish equivalent of Stamp Duty Land Tax. For residential properties, the rates and
The House of Commons Work and Pensions Committee has recently published a report calling on the Government to close the
Where an individual is resident in the UK, he or she is generally taxable on worldwide income and gains whether
Where credit card sales have been omitted from business takings, HMRC are encouraging taxpayers to come forward and make a
From 6 April 2016 new rules were introduced to allow employers to provide their directors and employees with certain “trivial”
Note that where employers reimburse their employees 45p per mile for using their own cars they are able to reclaim
The latest Finance Act has retained the 28% CGT rate for sales of residential property, whereas the general rate was
You can apply to HMRC for a VAT refund on building materials and services if you are building a new
In previous briefings we have highlighted the fact that Revenue have increasingly used the Tax/E briefing facility to advise practitioners
Have you used your 2015/16 £11,100 annual exemption? Consider selling shares where the gain is less than £11,100 before 6
Take advantage of the pension carry forward rules in order to benefit from any unused allowances from the previous three
For every £2 that your adjusted net income exceeds £100,000, the £10,600 personal allowance is reduced by £1. Pension contributions
Prior to the introduction of RTI, employers were required to complete an end-of-year checklist and declaration on form P35 and
Unlike income tax under PAYE, Class 1 National Insurance Contributions (NICs) are not normally calculated on an employee’s cumulative earnings
The suggested reimbursement rates for employees’ private mileage in their company cars are reviewed each quarter on 1 March, 1
Small business accounting with Xero Xero is online accounting software created especially to suit the needs of small businesses. It’s
VAT on Digital Services When you sell digital services across international borders from 1st January 2015, you will have to
The Second Incomes Campaign gives you the chance to bring your tax affairs up to date if you’re employed and
Capital gains tax entrepreneurs’ relief provides for a 10% rate on the disposal of a business, including a sole trade
Finance Act 2012 introduced a 15 per cent rate of SDLT on the acquisition by certain non-natural persons (broadly companies)
Class 2 NIC for the tax year 2014/15 is charged at the rate of £2.75 per week. It is possible
There are plenty of myths about the tax rules on company cars and the Pool Car Policy, but you should
We all remember the notorious flat rate charge of £200 that was introduced back in 1990 for the private use