To be allowable as a tax deduction whether under the corporation tax or income tax rules, most expenses must be incurred ‘wholly and...

VAT can be confusing at the best of times, with the reverse charge being arguably one of the more complex applications. It does not help...

Tax codes are fundamental to the operation of PAYE. If your tax code is correct, you should pay the right amount of tax on your PAYE...

It is often said that inheritance tax (IHT) is a voluntary tax, and one that can be avoided if you give away sufficient assets at least...

Paying National Insurance contributions allows individuals to earn qualifying years, which in turn provides them with entitlement to the...

Earlier in the year, it was erroneously reported in the press that new tax rules were coming into force which would mean that anyone...

Rising interest rates have forced many landlords to sell up. When selling an investment property, capital gains tax is payable at the...

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...