The meaning of trade for tax purposes
Interestingly, there is no statutory definition of ‘trade’. The only statutory reference to the term states that ‘trade’ includes a…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
Interestingly, there is no statutory definition of ‘trade’. The only statutory reference to the term states that ‘trade’ includes a…
The new VAT road fuel scale charges have been published. The changes amend the VAT scale charges for taxing private…
If you are a higher rate or additional rate taxpayer, you are eligible to claim relief on the difference between…
The 2018-19 tax year ended on 5 April 2019 and the new 2019-20 tax year started on 6 April 2019.…
There are a number of reasons why you may need to register with HMRC to submit a tax return. This…
Air Passenger Duty (APD) is a departure tax levied on most air travel. Each geographical band has two rates of…
The annual allowance for tax relief on pensions has been fixed at the current level of £40,000 since 6 April…
As a general rule, there is no tax relief for ordinary commuting. The term 'ordinary commuting' is defined to mean…
There is a free tracing service called 'mylostaccount' to find lost bank accounts. The service brings together the three tracing…
The National Minimum Wage (NMW) and National Living Wage (NLW) rates will increase from 1 April 2019. The NLW for…
The deadline for businesses with a turnover above the VAT threshold to keep digital records for VAT purposes using Making…
Where an employee with a company car is provided with fuel for their own private use by their employers, the…
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