How to claim tax relief for employment expenses
If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those
If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those
The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance contributions for those working in the construction industry: be they companies,
The usual method of incorporation is via Companies House WebFiling or Company Formation Agent (although paper submissions are still accepted). If incorporating via WebFiling there
Private residence relief prevents a tax charge from arising if there is a capital gain when a person sells a property that has been their
When it comes to tax relief for expenditure, not all expenditure is equal. The relief, if any, that is available, depends on whether the expenditure
Plastic packaging tax is a new tax that comes into effect from 1 April 2021. The tax has a green agenda – its aim is
For 2022/23 only, the rates of Class 1 (employer and employee) National Insurance contributions are increased by 1.25 percentage points, along with the rates of
Under current rules, if a VAT return shows that a repayment is due then HMRC should repay within 30 calendar days of receiving the business’s
Recent years have seen HMRC stepping up its efforts to reduce what is termed the ‘tax gap’ (defined as being the amount of tax that
The Employment Allowance is a National Insurance allowance that eligible employers can claim and set against their secondary Class 1 National Insurance liability. The allowance
If you realise a chargeable gain on a UK residential property, you now have 60 days rather than 30 days in which to tell HMRC
When a customer purchases an item or service from a business an invoice confirming the amount to pay should be raised either at the time
To help taxpayers and advisers affected by the surge in Covid-19 cases as a result of the Omicron variant, HMRC have announced that penalty waivers
The VAT is a simplified scheme that can save work. Instead of working out the VAT that you need to pay over to HMRC by
If your company is no longer trading and does not have any other income, you can tell HMRC that it is dormant. This will relieve
During the covid pandemic HMRC suspended many of their debt collecting activities. However, as the UK emerges and economic activity resumes, HMRC has restarted their
Under the PAYE ‘Real Time Information’ scheme employers report to HMRC electronicallybefore making any salary or wage payments. To ensure that the right amount of
Where a chargeable gain arises in respect of a UK residential property, since April 2020, thegain must be reported to HMRC and a payment made
The January self-assessment payment deadline is not well timed, falling as it does in amonth when people may be already struggling to pay their Christmas
The self-assessment tax return for 2020/21 must be filed online by midnight on 31 January2022 if a late filing penalty is to be avoided. The
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