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Using your car for work and claiming for passengers

  • Posted On: 30 August 2017
Using your car for work and claiming for passengers Do you use your own car for business purposes? If so, you may be able to claim a tax-free allowance from your employer known as a Mileage Allowance Payment or MAP. The allowance is paid when employers use their own car, van, motorcycle or bike for

Who are people with significant control?

  • Posted On: 30 August 2017
Who are people with significant control? The register of people with significant control (PSC register) lists individuals who exert significant control over UK companies and came into effect 6 April 2016. A PSC is anyone in a company or LLP who meets one or more of the conditions listed

When do you qualify for the Additional State Pension?

  • Posted On: 30 August 2017
When do you qualify for the Additional State Pension? The Additional State Pension is only available to those who reached the state pension age before 6 April 2016 and are receiving the Old State Pension. The Additional State Pension is an extra amount of money paid on top of the basic Old State

Tax-Free Childcare Scheme compensation

  • Posted On: 30 August 2017
Tax-Free Childcare Scheme compensation HMRC has announced the launch of a new compensation scheme for users affected by system issues when trying to register to the new Tax-Free Childcare Scheme (TFCS). The TFCS was launched in April 2017 to the first tranche of working parents. The

Advisory fuel rates for company cars

  • Posted On: 30 August 2017
Advisory fuel rates for company cars The latest advisory fuel rates became effective on 1 September 2017. Fuel rates are reviewed four times a year with changes taking effect on 1 March, 1 June, 1 September and 1 December. You can use the previous rates for up to 1 month from the date

Tax Diary September/October 2017

  • Posted On: 24 August 2017
1 September 2017 - Due date for Corporation Tax due for the year ended 30 November 2016. 19 September 2017 - PAYE and NIC deductions due for month ended 5 September 2017. (If you pay your tax electronically the due date is 22 September 2017) 19

What is Form 17?

  • Posted On: 23 August 2017
What is Form 17? As a general rule, the fall-back position for couples who live together with their spouse or civil partners is that property income held in joint names is divided 50:50. This is regardless of the actual ownership structure. However, where there is

Running a business from home?

  • Posted On: 23 August 2017
Running a business from home? Anyone running a business from home should check if they need permission to do so: from a mortgage provider or landlord. Your local council may also need to be notified, for example, if you need a licence to run a home-based business. Running a

Costs that qualify for Research & Development Relief

  • Posted On: 23 August 2017
Costs that qualify for Research & Development Relief Small and medium-sized companies can claim R&D tax credits of 230% of qualifying expenditure incurred on or after 1 April 2015. This article lists a summary of costs that can be considered for this relief, broadly, if they contribute directly to

Terminal losses for the self-employed

  • Posted On: 23 August 2017
Terminal losses for the self-employed There are a number of different reliefs available to the self-employed or members of a trading partnership that suffer tax losses, and a number of ways these losses can be used. One commonly used relief, is terminal loss relief. This relief is