by admin | Jan 4, 2024 | Income Tax |
If you earn over £100,000 in any tax year your personal allowance is gradually reduced by £1 for every £2 of adjusted net income over £100,000 irrespective of age. This means that any taxable receipt that takes your income over £100,000...
by admin | Jan 4, 2024 | Inheritance Tax |
We wanted to remind you of the Inheritance Tax (IHT) implications of making cash gifts during the current 2023-24 tax year that will end on 5 April 2024. You can give away up to £3,000 worth of gifts each tax year. This is known as your annual exemption. Any...
by admin | Jan 4, 2024 | Value Added Tax |
The taxable turnover threshold that determines whether businesses should be registered for VAT is currently £85,000. The taxable turnover threshold that determines whether businesses can apply for deregistration is £83,000. Businesses are required to...
by admin | Jan 2, 2024 | Business Support |
The government Valuation Office Agency have issued the following warning to business owners who may have received unprompted approaches by an agent offering to negotiate a reduction in their business rates bill. The Valuation Office Agency (VOA) is urging businesses...
by admin | Jan 2, 2024 | Employment & Payroll |
If your employer has reimbursed you in full for any work related expenses you will obviously be unable to make a claim for tax relief for those same expenses. But if you have only received part of your expenses or none at all, then you can make a claim to HMRC. In a...
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