The green tax break. Why going electric in your company? Car is a smart move. So are you tired of high tax bills on your company car? It’s time to go electric. In today’s society, the tax system is used not only to raise revenue, but also to encourage certain behaviors and discourage others. ….
So, have you heard of the fantastically named Office of Tax Simplification? It’s released this review on residential property income in the uk and I’m here to break it down for you. So according to HMRC data, nearly 25% of all tax returns had a portion of property income. The OTs conducted a review and…
So running a limited company is all about making smart decisions. When it comes to shares. There’s more than one type to choose from. So there’s ordinary shares which everyone knows about, and that gives you a say in the company’s decisions and share the profits and so on. Also, preference shares, uh, and then…
So, I don’t know about you, but I really hate it when people moan. They just moan all the time and nothing ever gets resolved. They just, but sometimes it is really important to point out things that are going wrong. And today I was just looking at the BBC News website and I noticed…
So a lot of people don’t really understand what the HMRC PAYE codes mean with weird letters and numbers. So here I’m gonna just discuss the components of them. Every person in the UK who receives income through employment or PAYE is taxed based on their tax code initially, which is assigned by HMRC to…
So how is mortgage interest allowable as a relief in your tax return in the UK? Well, it depends if you own the prop investment property in your own name, personally, or if you do it for a company. So this was all made much more complicated by George Osborne, a few years ago when…
Do you get child benefit? If so, you need to watch and understand this video if you are a UK taxpayer. So if you or your partner earn more than 50,000 pounds perham, you may have to pay some of that benefit back in the form of taxes. So you will need to register for…
So UK crypto tax update for 2023. So make sure we disclose your gains, or you could face big penalties. If you’re in any type of cryptocurrency and you’re resting in the UK, you need to know how much tax you have to pay. HMRC views Bitcoin and other cryptocurrencies as taxable assets and has…
In the UK, earning over £150K means you’ll face a 45% tax rate on your salary. But, did you know there’s a sneaky 60% tax trap for those earning between £100K and £125K? That’s right, the £25K in that range is taxed at a whopping 60%. Every £2 you earn over £100K means your personal…
It’s absolutely essential to be aware of the common triggers that can prompt an HMRC investigation. These investigations can waste a lot of your time, incur a lot of cost in getting someone to help you, and can also lead to a substantial penalty. So it is very important to know these 5 triggers and…
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