Tag Archives: Tax Advice

Do I need to register, or remain registered, for VAT?

do I need to register for VAT?

Of the many tax obligations people must consider, one of them is whether you need to become registered for VAT. VAT is chargeable on: any supply of goods or services; made in the UK; where it is a taxable supply; made by a taxable person; in the course of furtherance […]

Opticians – tax considerations

Eye Tests

One of the popular questions we get asked is about the provision of free eye tests and glasses by employers.   Currently, the Display Screen Equipment (DSE) Regulations state that, if you are a regular user of visual displays and need an eye test, your employer must pay for the […]

Normal Expenditure out of Income

normal expenditure

In our previous blog, Inheritance Tax Exemptions – Christmas is a time for giving, we explained some of the main exemptions available to reduce your estate and any IHT liability it may attract. One such exemption, which is potentially the most valuable, is that of “Normal Expenditure out of Income”. […]

Mobile Phone, Landline and Broadband tax considerations

mobile phones tax

With the digital age well and truly upon us, along with the introduction of agile working during the pandemic, more and more employers need to provide their employees with the correct tools to carry out their work. One such tool is that of communication, whether that entails texting a colleague […]

L – Land and Property

Land and Property

Land and property are usually the most expensive assets a person will own throughout their lifetime, whether it is their home, their business premises, or even a holiday getaway in the country. As a result, they often attract the largest tax bills a person might have to pay.   These […]

Tax Year End Planning 2021/22

tax year 2022

It’s January and you may have just had the pleasure of paying your tax bill… but have you made use of the tax planning opportunities available to you before the end of the tax year?   Are you making the most of the different types of ISAs available to you […]

Jobs – employment status variations

jobs and employment status

There are so many ways to work that it can sometimes get very confusing. People generally classify two key ways, you work for someone else or you work for yourself, but there are many different classifications of “jobs”. The old 9-5 For many being part of team on the payroll […]

Inheritance Tax Exemptions – Christmas is a time for giving

Inheritance tax exemptions

With Christmas fast approaching you may be stuck for ideas of what to get your nearest and dearest. If the idea of spending a day walking around a busy shopping centre fills you with dread, you may want to consider a cash gift instead. But before you go reaching for […]

Home expenses – tax considerations

Home Expenses

At the start of the pandemic HMRC introduced several tax concessions to provide additional support to employees working from home but what are the tax implications of these additional perks?   In the 2020/21 tax year, as an employee you may have received extra support from your employer to enable […]

Gifts – tax considerations

gift tax issues

There are fewer than 100 days left until Christmas where the season of goodwill, merriment and office parties will creep upon us once more. You may wish to consider the tax liabilities associated with gifts. Many companies view gifts as an ideal means of promoting their business and boosting morale […]