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Tax implications of writing off a bad debt
Tax implications of writing off a bad debt Companies and self-employed businesses with a turnover exceeding £150,000 a year are obliged to…
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NIC position if you are employed and self-employed, deferment
NIC position if you are employed and self-employed, deferment With different rates and limits of National Insurance contributions (NIC) for the 2022/23…
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Taxation of company vans in 2023/24
Taxation of company vans in 2023/24 A tax charge may arise under the benefit in kind legislation where a company van is…
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Basis period reform – preparing for the transition
Basis period reform – Preparing for the transition As part of the move to Making Tax Digital for Income Tax Self-Assessment (MTD…
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Pension payments – What tax relief is available?
Pension payments – What tax relief is available? To encourage pension savings, tax relief is available on contributions made to registered pension…
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Beat the reduction in the additional rate tax threshold
Beat the reduction in the additional rate tax threshold For a brief period it seemed that the days were numbered for the…
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Repaying directors’ loans – Does the order matter?
Repaying directors’ loans – Does the order matter? Directors’ loans can be tricky from a tax perspective. Specific tax charges apply where…
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Can you afford to sell an investment property?
Can you afford to sell an investment property? Property is generally a good investment, and where an investment property or second home…
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The dangers of letting friends use the holiday let
The dangers of letting friends use the holiday let Furnished holiday lettings have tax benefits that are not available to landlords of…
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MTD and landlords – the new timetable
MTD and landlords – the new timetable Under the original plans, landlords with rental income (or combined rental and business income) of…
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