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Finance & Accounting>Finance & Accounting

Tax-efficient childcare

Childcare is expensive; however, the tax system can provide a helping hand. In recent years, there has been a shift from tax relief for employer-supported

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Finance & Accounting>Finance & Accounting

Are you trading?

Trading income is taxed for both income tax and corporation tax purposes. In order for a tax charge to arise under the trading income rules,

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Finance & Accounting>Finance & Accounting

SDLT and uninhabitable properties

For many the lure of a renovation project is strong and for those looking to generate rental income, doing up a dilapidated property to let

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Finance & Accounting>Finance & Accounting

Stamp duty land tax refunds

The additional stamp duty land tax (SDLT) rate of 3% is payable by purchasers of residential properties costing £40,000 or more and if all of

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Finance & Accounting>Finance & Accounting

Making mileage payments to employees

As the country emerges from the Covid-19 pandemic, business travel is once again on the agenda. Where employees undertake business travel, they will usually be

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Finance & Accounting>Finance & Accounting

Do I need to register for VAT?

You must register your business for VAT if your VAT taxable turnover exceeds the registration threshold. This is currently £85,000. You must register if: at

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Finance and Accounting

RTI penalties and period of grace

Under real time information (RTI), employers are required to report pay and deductions information to HMRC ‘at or before’ the time that the payment is

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