The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance contributions for those working in the construction industry:…
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Private residence relief prevents a tax charge from arising if there is a capital gain when a person sells a property that…
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When it comes to tax relief for expenditure, not all expenditure is equal. The relief, if any, that is available, depends on…
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Property that is jointly-owned may be let out. As people are taxed individually, the income must be allocated in order to work…
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Plastic packaging tax is a new tax that comes into effect from 1 April 2021. The tax has a green agenda –…
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Corporation tax is being reformed and companies with profits of more than £50,000 will pay corporation tax at a higher rate than…
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To encourage employers to employ armed forces veterans, a new relief was introduced with effect from 6 April 2021 where an employer…
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For 2022/23 only, the rates of Class 1 (employer and employee) National Insurance contributions are increased by 1.25 percentage points, along with…
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Under Making Tax Digital (MTD) for VAT, VAT-registered traders must keep electronic records and file their VAT returns electronically using software that…
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Employers who provided their employees with taxable expenses and benefits in 2021/22 need to report these to HMRC by 6 July 2022,…
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