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What Can you claim Income Tax Relief on

What Can you claim Income Tax Relief on

Recent research has revealed that a significant minority of the self-employed have little, or no idea what they can claim for as an expense on their Tax Returns. It’s even worse with PAYE workers, many of whom do not claim for costs or allowances that...
Making Tax Digital Reasonable Excuse Appeal

Making Tax Digital Reasonable Excuse Appeal

MTD (Making Tax Digital) proved very costly for one taxpayer. Discovering that ignoring an HMRC electronic notice to file landed him with £1,300 in late filing penalties. As part of its broader strategy, the tax department has been encouraging taxpayers to switch to...
VAT on Cold Takeaway Food

VAT on Cold Takeaway Food

I recently had an urgent SOS call from a client named Marco, who runs a pizza takeaway business. I felt like James Bond being called into action on a high-profile mission: ‘Operation Margherita’, so to speak. The business owner was convinced that if one of his...
Tax implications of Tory election win

Tax implications of Tory election win

The 2019 election delivered a resounding victory for the Conservative Party, and the business community, as well as accountants, reacted with demands for an immediate Budget, stability for business and tax reform. The unexpected 77 seat majority, surprised both voters...
Boohoo; HMRC are taxing my freebies

Boohoo; HMRC are taxing my freebies

Over the last three years, HMRC has provided various “interpretations” of the rules for trivial benefits in the last three employer bulletins, as it apparently views those rules as too generous. From 6 April 2016, the government introduced a new exemption for trivial...