Reporting expenses and benefits for 2018/19
Where employees were provided with taxable benefits and expenses in 2018/19, these must be notified to HMRC. The reporting requirements…
Clear, practical guidance on UK tax for individuals, landlords and businesses, covering everyday obligations, planning opportunities and important deadlines.
Recent articles from this topic and all its specialist areas.
Where employees were provided with taxable benefits and expenses in 2018/19, these must be notified to HMRC. The reporting requirements…
Topic:- Claiming a deduction for pre-letting expenses For tax purposes, a property rental business begins when the first property is…
The payment of National Insurance contributions provides the mechanism by which an an individual builds up their entitlement to the…
The National Living Wage (NLW) and National Minimum Wage (NMW) increased from 1 April 2019. From that date, the NLW,…
Where property is jointly-owned, the way in which the rental income can be split between the joint owners for tax…
For personal and family companies it can be beneficial to extract some profits in the form of a salary. Where…
The National Insurance Contributions (NICs) Bill was introduced into Parliament on 25 April 2019. The Bill will see the introduction…
Inheritance Tax (IHT) is levied on a person’s estate when they die and can also be payable during a person’s…
The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs (CASC) concerned can…
The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT and in…
Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2019.…
The cash basis scheme helps many sole traders and other unincorporated businesses to manage their financial affairs. The scheme is…
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