Make the most of your ISA allowance
Rising interest rates mean that individuals may now be paying tax on their savings income which previously they received it tax free. Where this is …
Rising interest rates mean that individuals may now be paying tax on their savings income which previously they received it tax free. Where this is …
The 2024/25 tax year starts on 6 April 2024. Although many of the rates and thresholds are the same as for 2023/24, there are some …
As widely predicted, in his 2024 Spring Budget, the Chancellor announced a 2% cut in the main rates of Class 1 and Class 4 National …
On 6 March 2024, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, unveiled the Spring Budget, outlining key reforms aimed at simplifying …
Payroll management in the construction industry can be challenging due to the complex nature of the work, varying rates of pay, and compliance with tax …
Rising interest rates have forced many landlords to sell up. When selling an investment property, capital gains tax is payable at the residential rates to …
The current capital gains tax rules do not provide any relief for inflationary gains. This can mean that when an investment property or second home …
As the cost-of-living crisis continues to bite, the idea of earning tax-free income is appealing. If you have a spare room, you can make this …
Most private companies start as sole owner-managers; roll on a few years and some will have grown such that family members may also work for …
Whether a claim for the cost of work clothes is tax deductible is covered by the general rule for deduction of any expenses incurred by …
Expenses incurred by an employee on behalf of a company can only be reimbursed under the ‘wholly, exclusively and necessarily’ rules for work undertaken ‘in …
Tax codes are fundamental to the operation of PAYE. If your tax code is correct, you should pay the right amount of tax on your …