Making pension contributions before 6 April 2024
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 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
No one wants to pay more tax than they need to and, where possible, disposals should be timed to ensure that the best result is
As we move into the final months of the 2023/24 tax year, it is time to give some thought to whether you have used your
If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals, you can use
In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National Insurance from 12% to 10%.
The self-employed have historically paid two classes of National Insurance – Class 2 and Class 4. However, this is set to change from April 2024
The cost of living crisis has impacted on people’s ability to take holidays and short breaks. If you are a landlord letting a furnished holiday
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced from 6 April 2026 From the outset, it will apply to unincorporated
It is possible to enjoy tax-free income from property, even if you have already used up your personal allowance. This is because the property allowance
Despite 4.2 million couples being eligible for the tax break, only 1.8 million are claiming the marriage allowance (MA) – a benefit worth £252 a
HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as ‘the tax gap’ as being ‘4.8% of total
Many businesses begin by buying a customer list from another similar business, sending out marketing adverts rather than waiting to build their own client base
HMRC have recently published a spotlight warning landlords to avoid schemes offering hybrid property arrangements that purport to save tax. HMRC’s view is that the
On separation or divorce, it is common for one spouse to move out of the family home and for the other spouse to continue to
Private residence relief (PRR) removes the capital gains tax charge that would otherwise arise on a gain on the disposal of an only or main
The usual method of declaring employees’ benefits in kind and taxable expenses is via the annual P11D form submission. Employers can also ‘payroll’ these benefits
On 26 October 2023 one of the most significant pieces of company legislation came into being. The main thrust of the Economic Crime and Corporate
The Approved Mileage Allowance Payment (AMAP) was introduced in 2002 as a statutory simplification to allow employers to make tax-free payments up to certain limits
Tax and accounting rules are not identical and it is sometimes necessary to adjust the accounting profit to arrive at the profit for tax purposes.
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