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Monthly Archives: May 2018

Tax free home rentals

Since April 2016, the amount of tax-free income you can earn from letting a room in your home has increased to £7,500 per annum, or £3,750 if two persons own a property jointly. You can use the scheme if: you … Continue reading

Posted in Business

Problems paying your tax on time

You would be hard pushed to find a tax payer who was happy to pay tax. Whatever the economic benefits of taxation, we would all prefer that someone other than ourselves paid the bill. Companies are obliged to disclose their … Continue reading

Posted in Business

Green vans to get tax boost

The government is looking at ways to incentivised users of vans to go green. According to the statistics, less than one in every two hundred vans (0.4%) bought in 2016/17 was an ultra-low emission model. To tackle this issue, the … Continue reading

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IR35 to get a facelift in the private sector

HMRC is launching a new consultation to make sure that people who effectively work as employees pay the right amount of tax. As announced at the Autumn Budget, the consultation will look at how to increase compliance with the existing … Continue reading

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Are you due a tax refund

There is something uniquely satisfying about a tax refund. Of course, you must first overpay tax before it can be refunded, but there is a universal joy in receiving a cheque or direct payment to your bank account from HMRC. … Continue reading

Posted in Business