VAT flat rate scheme – Is it for you?
The VAT flat rate scheme is a simple VAT scheme for smaller VAT-registered businesses. Rather than pay the difference between the VAT charged to customers …
The VAT flat rate scheme is a simple VAT scheme for smaller VAT-registered businesses. Rather than pay the difference between the VAT charged to customers …
Earlier this year, HMRC wrote to wealthy taxpayers who had not submitted tax returns for 2020/21 and/or 2021/22. A letter was sent where the taxpayer …
Children may have their own income. This may be in the form of savings income on accounts that they hold or, for older children, income …
If you make donations to charity, you can benefit from tax relief on those donations. This can be achieved in various ways. Gift Aid If …
The way in which you operate your business determines the taxes that you pay and also your reporting obligations. If you work for yourself and …
To qualify for a full state pension, you need 35 qualifying years. You can earn these through paying National Insurance contributions or being awarded National …
For many people, there will come a time when it becomes sensible or necessary to sell the family home, either to downsize or because of …
The fall in the dividend allowance in recent years may mean that you now need to pay tax on your dividend income for the first …
The deadline for filing your 2023/24 Self Assessment tax return online is 31 January 2025. An earlier deadline of 30 December 2024 applies if you …
The nil rate band is the amount that a person may leave free of inheritance tax. Each person has their own nil rate band, which …
HMRC have revealed that every year lots of simple errors are made in tax returns in relation to capital gains tax which result in the …
Up to certain limits, it is possible to enjoy some savings income tax-free. The extent to which this is possible depends on the rate at …