The eligibility criteria for the Government’s work from home tax relief was relaxed during the pandemic, as restrictions prevented many people from physically going to work. Thanks to this, if you were required to work from home for a limited period, ...
READ MOREAccording to HMRC, 323,700 customers are yet to renew their tax credits, with just one month left to do so. Tax credits offer targeted financial aid to working families, so to ensure you receive what you are eligible for, it is ...
READ MOREWith the soaring cost of living squeezing pockets, no one wants to be paying more tax than they should be. Despite this, over £20 billion of tax allowances and reliefs remain unclaimed in the UK. The key to taking advantage of ...
READ MOREWhen it comes to purchasing and expensing a garden office, you may be wondering if your company can cover the costs. Whilst this is possible, there are the following caveats and issues to contend with that you should keep in mind. Capital ...
READ MOREDiscovery assessments look set to be applied to the High-Income Benefit Charge under new legislation set out by the Government. A loophole regarding discovery assessments and the charge was brought to light following the case of HMRC V Mr Wilkes last ...
READ MOREKnowing which taxes your business is liable for can feel a bit overwhelming, which can result in you not recognising opportunities to save on tax. If you have a limited company or a foreign company with a UK branch, you will ...
READ MOREA major change in the way VAT is reported comes into force from tomorrow. Every small business that charges VAT will have to file accounts through the HM Revenue & Customs (HMRC) Making Tax Digital (MTD) system. All VAT-registered businesses must ...
READ MOREThe British public is overwhelmingly in support of the temporary 12.5 per cent rate of VAT for hospitality being retained. According to a new poll, nearly 80 per cent are in favour, but the Government seems determined that the rate will ...
READ MOREHM Revenue & Customs (HMRC) is warning taxpayers to stay alert to tax scams after a surge in fraudulent activity. The report comes after the February Self Assessment deadline, when self-employed business owners expect to be contacted by the tax authority. According ...
READ MOREFollowing Brexit, the UK removed tax-free shopping for tourists which is now having an impact on Britain’s prospects as an international shopping destination, new research reveals. Formerly, when the UK was part of the EU, tourists from outside the EU were ...
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