Legitimate ways for high earners to reduce their tax bill
If you are a higher-rate taxpayer and have not carefully developed a tax planning strategy, then you run the risk of missing out on key tax allowances and paying more in taxes than you need.
If you are a higher-rate taxpayer and have not carefully developed a tax planning strategy, then you run the risk of missing out on key tax allowances and paying more in taxes than you need.
HMRC wants to raise awareness of the fact that cryptoasset transactions can mean tax bills – and thereʼs clearly some way to go.
It sounds entirely shoulder-shruggable: but basis period reform is like the bits under the bonnet. It makes the car go. In this case, it helps determine the tax bill.
If itʼs a car you provide to your employee, the taxable benefit is higher. If itʼs a van, the taxable benefit is lower. But what if itʼs a multipurpose vehicle? Or modified for use in your business?
Whatʼs the right way to sort out the VAT if you sell goods or services as a package or bundle?