£1,000 Trading Allowance

Posted Posted in Personal Tax

A £1,000 tax free trading allowance was introduced in April 2017. Individuals with trading income of £1,000 or less no longer need to declare or pay tax on this income. The £1,000 trading allowance can also be used for trade […]

Pay Personal Tax

Posted Posted in Personal Tax

There are several ways in which you can pay personal tax liabilities. We go though each option on how to pay personal tax, so that you can decide which option is most convenient for you. Recap: Who needs to pay […]

Mortgage Tax Relief

Posted Posted in Personal Tax

Landlords with rental properties could be hit with an increase in tax liabilities as restrictions to mortgage tax relief is gradually introduced. Those landlords with property portfolios which have large mortgages and who are higher rate tax payers will suffer […]

Company Van Tax 2018

Posted Posted in Personal Tax

Company van tax and company car taxes are vastly different. If an employee is provided with private use of a company vehicle there are tax implications. Getting the type of vehicle wrong can cost you and the company ££££’s in […]