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Pro Tax Plus Accountants
Dec 25, 20193 min read
Tax-free Christmas parties
Tax-free Christmas parties Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Private lettings relief
Lettings relief potentially shelters some of the gain from capital gains tax on the disposal of a property which has been an only or main...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
VAT capital goods scheme
The VAT capital goods scheme affects input tax recovery in relation to high value capital assets by partially exempt traders and...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Claim a deduction for work clothing
Many employees are required to wear a uniform for work. Even where there is no set uniform as such, many employees have clothes that they...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Rewarding staff suggestions in a tax-free manner
Many organisations operate a staff suggestion scheme and reward employees where a suggestion is adopted which will benefit the...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Tax-free mileage allowances
Employees often use their own cars for work, usually claiming expenses in the form of a mileage allowance to cover the costs. While it is...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Beware tax scams
HMRC regularly warn taxpayers to be alert to fraudsters purporting to be from HMRC. Recently, they announced that in the last year they...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
A quick overview of capital gains tax
Capital gains tax is payable on net gains to the extent that they exceed the annual exempt amount. Capital gains tax is a tax on the...
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Pro Tax Plus Accountants
Dec 25, 20193 min read
Corporation tax and trading losses
Relief may be available where you operate your business through a company and you make a loss. The loss may be set against total profits...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Making money from your spare room
Under the rent-a-room scheme, it is possible to earn tax-free income from letting out a furnished room in your own home to a lodger. You...
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