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On the face of it, the rent-a-room relief is straight forward: if your gross rents from letting are not more than £7,500 in the current
Whilst it is possible to involve your children in your business, this is a strategy that should be approached with caution. Giving shares in your
We are often asked to register a trading name for an existing company. Usually, this is done so an incorporated business can develop a new
If you are employed, or receive a pension from a non-State provider, any tax you should pay is probably deducted before payment under the PAYE
Many people die without making a Will. In legal terms, this means they die “intestate”. When this happens, the estate must be shared out according
No-one is going to complain if you pay more than the National Minimum Wage or National Living Wage rates – which ever applies. However, there
Many director shareholders take a minimum salary and any balance of remuneration as dividends. This tends to reduce National Insurance Contributions, and in some case
1 August 2017 – Due date for Corporation Tax due for the year ended 31 October 2016. 19 August 2017 – PAYE and NIC deductions
There has been a long running tax case rumbling through the lower courts on the use of a device called an Employee Benefit Trust (EBT)
Making Tax Digital (MTD) is the government’s latest attempt to fully digitise the process of collecting data from taxpayers so they can speed up the
It is possible to claim for the cost of repairing or replacing small tools you need to do your job as an employee (for example,
There is a government department, the Office for Tax Simplification (OTS), that has been charged with investigating ways that the UK’s tax rules can be
The deadline to renew a claim for tax credits is 31 July 2017. This time last year, HMRC announced that over 400,000 claimants had still
Making Tax Digital Until a recent announcement, landlords were going to be drawn into the requirement to upload quarterly details about their property businesses to
The government is unveiling new rules that will mean card-charging in Britain – where people can be charged 20% extra for purchases like a flight
