Tax-free Christmas Parties

December 06, 2017 | by Sian Kelly | No comments

Moderation in all things is the taxman’s motto when it comes to tax-free Christmas parties. The tax legislation allows employees and their guests to enjoy a Christmas party or similar annual function without suffering a benefits in kind tax charge – as long as the event is reasonably modest. In this regard, this means the cost per head is not more than £150.

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The Autumn Statement 2017 Summary- Tax Announcements

November 28, 2017 | by Sian Kelly | No comments

“BUILDING A BRITAIN FIT FOR THE FUTURE”

This was the main theme of the Chancellor Phillip Hammond’s second budget as he committed to spending more on infrastructure projects and stimulating the housing market. He had to put on a good performance to keep his job after criticism following the Spring Budget.

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What's the benefit of an electric company car?

November 14, 2017 | by Sian Kelly | No comments

Despite rising tax charges year on year, many people still enjoy the convenience offered by a company car. The benefit in kind tax rules reward those who choose cheaper, lower emission cars with a lower tax bill.

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Is there a Minimum Period of Occupation Needed for Main Residence?

November 07, 2017 | by Sian Kelly | No comments

Main residence relief (private residence relief) protects homeowners from any gains arising on their only or main home. However, there are conditions to be met for the relief to be available.

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Letting out your holiday home

November 07, 2017 | by Sian Kelly | No comments

If you have a holiday home and decide to let it out, you may be able to benefit from the slightly more generous tax rules that apply to furnished holiday lettings as compared to other types of let, such as a residential let.

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Calculating your dividend tax bill

October 23, 2017 | by Sian Kelly | No comments

Dividends are a special case when it comes to tax and have their own rates and rules. The taxation of dividends was radically reformed from 6 April 2016 and the rules outlined below apply to a dividend paid on or after that date.

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