by Ruth Clark | Sep 28, 2022 | COVID-19, VAT
All deferred VAT payments should have been dealt with by now, but HMRC has flagged in its latest bulletin for August that if your business is one of those that still has not managed to complete the payments that have been delayed, then you could be facing a penalty.... 
by Ruth Clark | Sep 23, 2022 | Uncategorised
Taxpayers – Tax Cuts effective from 6th April 23 Income tax Cut the basic rate of income tax to 19% Currently, people in England, Wales, and Northern Ireland pay 20% on any annual earning between £12,571 to £50,270 45% higher rate of income tax abolished One single... 
by Ruth Clark | Sep 22, 2022 | Uncategorised
Trading Allowance: The trading allowance is a tax exemption of up to £1,000 a year for individuals with trading income from: Self-Employment Casual services, for example, babysitting or gardening. Hiring personal equipment, for example, power tools If the annual gross... 
by Ruth Clark | Sep 21, 2022 | Couples Allowance, Tax
The end of the summer holidays is upon us and not only does this mean the children going back to school, but also a return to more normal work and family life as we head into the autumn. With prices going up at seemingly ever faster levels, are you getting all the... 
by Ruth Clark | Sep 15, 2022 | HMRC
A claim for the additional household costs incurred when working from home rather than in an office has been possible for many years, but many employees and their employers have only been made aware recently due to the pandemic. The claim is made under the general...