by Rachel | Jun 8, 2026 | Uncategorised
Families across the UK will benefit from a welcome boost this summer as the Government introduces a temporary reduction in VAT on children’s menu meals and family leisure activities. From 25 June 2026 until 1 September 2026, the VAT rate on qualifying...
by Rachel | Mar 6, 2024 | Uncategorised
Individuals making capital disposals do not pay capital gains tax if their net gains for the tax year (chargeable gains less allowable losses for the year) are covered by the annual exempt amount. This is essentially a personal allowance for capital gains tax...
by Rachel | Nov 24, 2022 | Uncategorised
To ensure that a business does not pay more income tax than it needs to, it is important that a deduction is claimed for all allowable expenses. The rules on what constitutes deductible expenditure can be confusing. They also depend on whether the accounts are...
by Rachel | Oct 31, 2022 | Uncategorised
As the cost-of-living crisis deepens, many employees are looking to save money. One option is to cut the cost of the commute by cycling to work. There can be tax benefits for this too. Exemption for employer-provided cycles Employees can enjoy the use of...
by Rachel | Jun 21, 2022 | Uncategorised
The High Income Child Benefit Charge (HICBC) is a tax charge that claws back payments of child benefit where the recipient or the recipient’s partner has income of at least £50,000 per year. Where both the recipient and their partner have income of this level, the...
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