Overpaid tax? How to claim it back

October 16, 2018 | by Sian Kelly | No comments

There are various reasons why you may have paid more tax than you needed to for a tax year. For example, if you only worked at the start of the year, you may not have received all of your personal allowance.

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Savings Income- how is it taxed?

October 09, 2018 | by Sian Kelly | No comments

The taxation of savings income can be complicated as there are various allowances and rates that come into play. However, most people are able to enjoy savings income tax-free.

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Subsistence expenses – How to use the benchmark scale rate

October 02, 2018 | by Sian Kelly | No comments

The option to pay employees flat rate subsistence expenses tax-free can be an attractive one; the employees are clear on what expenses will be paid, and the employer is saved the work involved in reimbursing the actual amounts incurred.

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Flipping – how to choose your main residence to maximise relief

July 04, 2018 | by Sian Kelly | No comments

 

Private residence relief (also known as main residence relief) takes the gain arising on the disposal of a person’s main or only residence out of the charge to capital gains tax. This relief means that in the majority of cases, any gain arising when a person sells their home is tax-free.

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Company car tax - why it might pay to go electric

July 03, 2018 | by Sian Kelly | No comments

 

For owners of small businesses, taking out a company car can prove false economy - often creating more personal tax liability than it saves on the companys corporation tax bill.

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Tax-free childcare available on school holiday clubs

June 27, 2018 | by Sian Kelly | No comments

With the school summer holidays rapidly approaching, HM Revenue & Customs “(HMRC”) have issued a timely reminder to parents that they are can  use the tax-free childcare scheme to pay for holiday clubs.

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