July 28, 2022

Emergency tax codes

The letters in an employee’s tax code signify their entitlement (or not) to the annual tax-free personal
July 28, 2022

Settlement legislation – non-trust settlements

The settlement legislation seeks to ensure that where a settlor has retained an interest in property that
July 28, 2022

Construction services taxed at VAT zero or 5% rate

Whilst most businesses in the UK charge VAT at the standard rate of 20%, there are a number of different
July 28, 2022

Business records if self-employed

If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep
July 28, 2022

Tax relief on replacement of domestic items

The replacement of domestic items relief has been in place since April 2016. The relief allows landlords
July 28, 2022

Gifts with reservation

The majority of gifts made during a person's life are not subject to tax at the time of the gift. These
July 21, 2022

Qualifying for residence nil rate band

The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples and
July 21, 2022

Tax when you get your pension

There are special rules which allow individuals who have set up private pension scheme(s) to benefit from
July 21, 2022

Applying for Marriage Allowance

The marriage allowance can be claimed by married couples and those in a civil partnership where a spouse
July 21, 2022

NIC threshold increased

In the Spring Statement earlier this year, the then Chancellor, Rishi Sunak, announced an NIC tax-cut to
July 21, 2022

Entitlement to National Minimum Wage

Employers must ensure they are paying staff the new National Minimum Wage (NMW) and National Living Wage
July 21, 2022

Non-resident company taxation

Non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax on their
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