Hobbies and artificial trades
HMRC uses a number of different measures to help determine whether an activity is a trade irrespective of whether the activity leads to a profit or a
Gaps in NIC records
National Insurance credits can help qualifying applicants fill gaps in their National Insurance records. This can assist taxpayers to build the number
MTD for VAT – digital records required
The MTD for VAT regime started in April 2019 when businesses with a turnover above the VAT threshold of £85,000 became mandated to keep their records
Tax relief for job-related expenses
If you receive no compensation from your employer for work related expenses you have paid, you can still claim tax relief for some expenses that
Tax relief if working from home
If you are an employee working from home, you may be able to claim tax relief for some of the bills you pay that are related to your work.
Employers
Spreading the cost of tax bills
One of the announcements by HMRC at the start of the coronavirus pandemic was the introduction of emergency measures to help those affected by