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An example may illustrate the answer to this question. Harry updates his iPad and decides to sell his old one – he does not use

Apparently, over 4 million tax payers are eligible to claim the new marriage allowance, but only 2 million have done so. If our math is

Businesses are required to register for VAT purposes when their annual taxable turnover exceeds £85,000 (this limit applies from 1 April 2017). You will not

Many employees use their own cars to undertake journeys for their employers. In most cases, employers will pay for this. Generally, they will pay a

The good news, the way in which benefits in kind are taxed – company cars, mobile phones, etc. – is unchanged for the tax year

The phrase “in-limbo” comes to mind when describing the present outlook for businesses in the UK. What will be the outcome of the June election?

One of the most useful ways for owner directors of small companies to reduce their overall tax and NIC costs is to pay themselves a

New legislation to increase the powers of law enforcement received Royal Assent 27 April 2017. The Criminal Finances Act 2017 will give law enforcement agencies

Small companies are required to file a copy of their end of year accounts with Companies House. In the past, it has been possible to

The government have issued the following press release regarding the roll-out of the new tax-free childcare scheme: From 21 April 2017, working parents can start

In order to ensure that the Finance Bill 2017, introduced March 2017, is passed before the impending general election, huge chunks of the original, published

In many cases, making loans to your employees or their relatives can create an obligation to report a beneficial loan to HMRC. The deemed benefit

Mileage Allowance Payments (MAPs) are the rates used by employers to reimburse employees when they use their own transport for business purposes. The current rates

1 May 2017 – Due date for Corporation Tax due for the year ended 31 July 2016. 19 May 2017 – PAYE and NIC deductions

Until 2015-16, it was possible to apply for a dispensation to exclude certain expenses and benefits provided to employees from the year end returns to