Workplace nursery partnership schemes
No tax charge arises in respect of the provision of a nursery place for an employee’s child at a workplace nursery provided that the associated …
VAT on school fees
As outlined before the election, the new Government are to go ahead with their proposal to impose VAT on school fees. Legislation was published in …
Using form R40 to claim a tax refund
If you are entitled to a refund of tax deducted from savings and investment income, you can claim the refund using form R40 if you …
Class 2 NIC refunds made in error – Action to take
Class 2 National Insurance contributions are flat rate contributions which for 2023/24 and earlier tax years are payable by the self-employed where their profits exceed …
Making student loan repayments through Self Assessment
There are three ways in which former students with student or post-graduate loans can make loan repayments: Students will normally start making repayments from the …
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 …
Wealthy taxpayers within PAYE – When is a tax return required?
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 …
When is a child’s income taxable on their parent?
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 …
Tax relief on charitable donations
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 …
Setting up as a sole trader
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 …
Will paying voluntary NICs boost your pension?
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 …
Investing the proceeds from the sale of the family home
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 …
