07/09/2016, by Tax Insider, Tax Tips - General Tax
Children’s Bonds are a tax-free investment issued by NS&I. Children’s Bonds allow investments to be made in the child’s own name and there ... Continue Reading
05/09/2016, by Tax Insider, Tax Tips - Property Tax
The ‘Annual Tax on Enveloped Dwellings’ (ATED) was introduced in 2013 to tackle the avoidance of stamp duty land tax. The charge relates to residential ... Continue Reading
02/09/2016, by Tax Insider, Tax Tips - Business Tax
Many small businesses are run from home and a proportion of the costs associated with running and maintaining a home can be deducted in computing the profits of ... Continue Reading
31/08/2016, by Tax Insider, Tax Tips - Business Tax
Entitlement to the state pension and contributory benefits is contingent on having paid sufficient National Insurance contributions. Fortunately it is possible to ... Continue Reading
22/08/2016, by Tax Insider, Tax Tips - Property Tax
DifferenceAnyone buying property to let out on a long-term basis will most likely be deemed an investor, whereas someone buying to refurbish then sell, whether resulting ... Continue Reading
19/08/2016, by Tax Insider, Tax Tips - Business Tax
Most businesses incur travel expenses and these can be significant. It is therefore important that you deduct allowable travel expenses when computing your profits.The ... Continue Reading
17/08/2016, by Tax Insider, Tax Tips - General Tax
Your tax code determines how much tax is deducted under PAYE. You should always check that your tax code is correct as errors may result in too much or too little ... Continue Reading
08/08/2016, by Tax Insider, Tax Tips - Property Tax
Under the ‘Non-Resident Landlord Scheme’ (NRLS) where the deductible expenses exceed rental income for any quarter the excess expenses are:carried back ... Continue Reading
05/08/2016, by Tax Insider, Tax Tips - Business Tax
Where there are several shareholders, for 2015/16 profits can be extracted tax-free by paying dividends to each up to the basic rate limit. Where shareholders have ... Continue Reading
03/08/2016, by Tax Insider, Tax Tips - General Tax
The Annual Investment Allowance (AIA) is set at a temporary level of £500,000 a year from 1 April 2014 (corporation tax) and 6 April 2014 (income tax) until ... Continue Reading