The High-Income Child Benefit Charge (HICBC) is a tax charge that operates to claw back child benefit where the claimant and/or their...

Rising interest rates mean that individuals may now be paying tax on their savings income which previously they received it tax free....

The 2024/25 tax year starts on 6 April 2024. Although many of the rates and thresholds are the same as for 2023/24, there are some...

As widely predicted, in his 2024 Spring Budget, the Chancellor announced a 2% cut in the main rates of Class 1 and Class 4 National...

Business rates, rather than council tax, are payable on non-domestic properties. The rates are worked out by applying the relevant...

As announced at the time of the Spring Budget, multiple dwellings relief for stamp duty land tax (SDLT) is to be abolished from 1 June...

The current capital gains tax rules do not provide any relief for inflationary gains. This can mean that when an investment property or...

As the cost-of-living crisis continues to bite, the idea of earning tax-free income is appealing. If you have a spare room, you can make...

Most private companies start as sole owner-managers; roll on a few years and some will have grown such that family members may also work...

Whether a claim for the cost of work clothes is tax deductible is covered by the general rule for deduction of any expenses incurred by...

Expenses incurred by an employee on behalf of a company can only be reimbursed under the 'wholly, exclusively and necessarily' rules for...

We are increasingly hearing more and more about artificial intelligence (AI) and how its use can change our way of working both now and...

Recruitment agencies often use umbrella companies to pay temporary workers. HMRC confirms that there is no statutory definition of an...

People set up in business for a variety of reasons. For some it is a dream that becomes a reality some years later. In working towards...

Employers must pay their workers at least the statutory minimum wage for their age. Depending on the age of the worker, they may be...

Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC...

For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to the approved amount, which...

As the end of the tax year approaches, it is prudent to review your pension contributions for the year and consider whether it is worth...

As the end of the tax year approaches, it is prudent for those operating their business as a personal or family company to review the...

Work may be undertaken on a property to repair it or to improve it, and it will not always be clear where the dividing line falls. The...