A furnished holiday letting business is treated as a trade for most tax purposes. For example, capital allowances are available on furniture, and CGT entrepreneurs' relief is available on disposal of the
With tax planning and PAYE avoidance schemes, as with many things in life, what looks too good to be true generally turns out to be so. This seems to be true for
Pension auto-enrolment has been on the cards since it was first announced for workplace pensions back in 2014. Auto-enrolment of staff in workplace pension schemes now applies to even the smallest of
Changes to pension tax relief in the budget? There is again speculation about further restrictions to tax relief on pensions in the Chancellor’s Autumn Budget. With the Chancellor looking to increase tax
Accounting & Bookkeeping This post is just one part of a 12-part small business accounting guide to setting up a new business. Download the full business set-up guide to discover everything you need
Tax diary: All the main tax events for October / November 2017 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months
The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends. For many
HMRC have recently won a tax tribunal case where they were seeking to challenge the deduction for a spouses wages in arriving at the profits of her husband’s business. The judge agreed
From 2020 there will be a 2% benefit in kind for hybrid company cars that emit no CO2 such as electric and hydrogen powered cars. The next Finance Bill will include legislation
Remember that from 6 April 2016, benefits are exempt from tax and NICs if all the following conditions are satisfied: the cost of providing the benefit does not exceed £50; the
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