Tax Archives | Page 10 of 13 | Ellacotts | Banbury, Birmingham, Kettering and London

Everything you need to know about paying tax on dividends

28 Oct 2020 | Dividends, Paying Employees, Personal Tax, Small businesses, Tax, Tax Planning

What are dividends? How much tax do you pay on them? Dividends are a tax-efficient way of extracting profit from a family business.

VAT domestic reverse charge for builders until 2021

08 Jun 2020 | VAT, Tax

HMRC has announced a further 5 month delay to the introduction of the VAT domestic reverse charge for building and construction services.

Changes to the Employment Allowance from April 2020

08 Apr 2020 | Farming & agriculture, Payroll Bureau, Tax

HMRC announced that from Monday 6 April 2020, the eligibility rules for claiming the Employment Allowance (EA) will change. Before you claim you will now have to make extra checks to find out if you are eligible to claim.

Tax relief on professional fees and subscriptions

11 Feb 2020 | Personal Tax, Self-employed, Tax

Did you know that you are allowed to claim tax relief on your annual professional fees or subscriptions to some HMRC approved professional organisations? The costs are tax-deductible generally where you must have a membership to do your job or it is helpful for your...

HMRC shares bizarre excuses and expense claims on tax returns

10 Feb 2020 | Tax, HMRC

Vengeful witches and pet hamsters feature in HMRC’s list of weirdest unsuccessful excuses and expenses claims from the last decade. The list includes one taxpayer who claimed their mother-in-law was a witch who had cursed them, hamsters and dogs that had eaten...

Conservative Party elected with working majority

13 Jan 2020 | General Election, Brexit, Tax

Now that Boris Johnson and his Conservative party have won the General Election will we finally Get Brexit Done? More importantly, can the UK Government now get on with running the country and sort out urgent issues such as the NHS and social care? We will have to...