Relief for homeworking expenses
Where an employee works at home, they may incur additional homeworking expenses as a result, such as additional heating and lighting costs, the cost of …
Writing off a director’s loan
In a personal or family company, there are often transactions between the company and the director(s). For example, the company may meet personal expenses on …
Escaping the HICBC
The High Income Child Benefit Charge (HICBC) is a tax which claws back child benefit where the recipient or their partner has adjusted net income …
Making quarterly returns for MTD for ITSA
Making quarterly returns for MTD for ITSA (Making Tax Digital for Income Tax Self-Assessmen) Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is …
Benefits of filing your 2025/26 tax return early
The 2025/26 tax return must be filed online by midnight on 31 January 2027. However, you do not have to wait until the deadline is …
Benefits of an alphabet share structure
Where a business is operated through a limited company, profits need to be extracted if they are to be used personally. Benefits of an alphabet …
Using your ISA allowance 2026/27
How can you use ISA allowance 2026/27 Individual Savings Accounts (ISAs) are tax-free savings accounts. There are four different types of ISA allowance: Individuals must …
Employment Allowance 2026/27 – Can you claim it?
The Employment Allowance 2026/27 is a very valuable allowance which allows eligible employers to reduce their secondary Class 1 National Insurance bill by up to …
Understanding your tax code
Understanding your tax code in 2026 The tax code is fundamental to the operation of PAYE. It is made up of letters and numbers which …
Taxation of company vans in 2026/27
Where an employee is provided with taxation of company vans that is available for private use, a tax charge may arise under the benefit in …
Reduction in WDAs from April 2026
Where first year allowances, such as the Annual Investment Allowance or full expensing, are not claimed in respect of capital expenditure on plant and machinery, …
Costs of working from home
What are the costs of working from in 2026? When an employee working from home, they may incur additional costs as a result, such as …
