Pro-Taxman

Business tax relief

Virtually time for the office Christmas party

Despite the crazy and uncertain times that we find ourselves living in, directors and employees can still celebrate Christmas in tax-free style – even it does have to be in the form of a ‘virtual’ office Christmas party. Although there is no specific allowance for a Christmas party, or any other employer-provided social function, HMRC …

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Don’t lose out on tax reliefs for start-ups

Just starting outAs long as HMRC can be satisfied that a business is being run on a commercial basis with a view to making a profit, they will usually allow taxpayers to claim tax relief for a trading loss in one tax year against other taxable income (for example PAYE income or a pension) from …

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Working from home – claim tax relief for your expenses

An increasing number of employees work from home some or all of the time. Where they do so, they may be able to claim tax relief for the costs that they incur from working at home, regardless of whether their employer meets those costs. Nature of expenses Where an employee works from home, they can …

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