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NIC payable by the self-employed from April 2024
NIC payable by the self-employed from April 2024 The self-employed have historically paid two classes of National Insurance – Class 2 and…
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What to do if you receive one of HMRC’s ‘nudge’ letters
Our latest blog looks at “What to do if you receive one of HMRC’s ‘nudge’ letters”. Our blogs are free sources of…
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Tax implications of buying a customer list
Tax implications of buying a customer list Many businesses begin by buying a customer list from another similar business, and sending out…
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Marriage allowance – A possible tax break for married couples or civil partnerships
Despite 4.2 million couples being eligible for the tax break, only 1.8 million are claiming the marriage allowance (MA) – a benefit…
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PAYE settlement agreements – What are they and how do you set one up?
The usual method of declaring employees’ benefits in kind and taxable expenses is via the annual P11D form submission. Employers can also…
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Can mileage claims include loan interest?
Our latest article looks at the question “Can mileage claims include loan interest?” Our blogs are a free source of information. The…
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Reporting payment to HMRC if you pay your employees early in December
Strict reporting deadlines apply under Real Time Information (RTI). Employers are required to report employees’ pay and deductions to HMRC electronically on…
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Can you benefit from the marriage allowance?
The marriage allowance is not a separate allowance as such – rather, it is a transfer of part of one spouse or…
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Reclaiming section 455 tax paid
In personal and family companies, directors often borrow money from the company as this is a cheaper and easier option than taking…
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Beware property PM partnerships involving hybrid arrangements
HMRC has recently published a spotlight warning landlords to avoid schemes offering hybrid property arrangements that purport to save tax. HMRC’s view…
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