IR35 – latest case to come before First Tier Tribunal
In a recent case brought before the first tier tribunal, Christa Ackroyd Media Limited v HMRC, the tribunal held that the former BBC television presenter [...]
Tax News January 2018-resolutions to save tax
NEW YEAR RESOLUTIONS TO SAVE TAX At this time of year we think about New Year’s resolutions. It is also a good time to [...]
Indexation allowance – changes from January 2018
The capital gains indexation allowance adjusts the base value of an asset by general inflation, as measured by the retail price index [...]
Marriage Allowance – should I claim?
The marriage allowance was introduced in 2015, to reward marriage via the tax system. It is actually 10% of the taxpayer’s personal [...]
Dividend – Micro Company profit extraction
F (No 2) A 2017 received Royal Assent on 16 November 2017. Section 8 of that Act reduces the dividend allowance from £5,000 to £2,000 [...]
What evidence do I require for VAT?
The detail is included in VAT Notice 700 which is required reading for any VAT registered business. If you haven’t printed off a [...]
Wages..can I pay my wife to work in my business?
In a recent case heard by the first tier tribunal McAdam v HMRC a deduction for wages of £90 per week paid by a plumber [...]
Do you qualify for the new Trading Allowance?
Whilst the idea of a £1000 tax free allowance sounds simple as always there are a number of areas which the tax payer needs [...]
Tax News Round Up – November
In this post we have a round up of Tax News items for November Changes to Pension Tax relief in the Budget? [...]
Personal Savings Allowance: How it works
From 6 April 2016, if you’re a basic rate taxpayer you’ll have been able to earn up to £1,000 in savings income tax-free. [...]