It’s July, normally the start of summer holidays, and generally a time to relax and enjoy the weather. However, if you file a tax return, there is a good chance you will have received a letter from HMRC requesting a tax payment – that’s always enough to spoil a delicious Read more…
With advent upon us, let me spread festive cheer by reminding you of the various tax traps you can fall into at a Christmas time. Christmas Parties Let’s start with Christmas parties. You can spend up to £150 per head at an annual party without incurring any employment taxes and Read more…
Several years ago, HMRC announced they had big plans bringing the tax system into the 21st Century with something they called Making Tax Digital (“MTD”). Admittedly, at the time, I was somewhat surprised. After all, I have not submitted much by paper to HMRC for years. VAT returns, payroll, self-assessment Read more…
An odd side effect of Covid is the rescheduling of all games so that football is seemingly on TV all the time. You find yourself watching the Monday, 4am kick-off between Burnley and Crystal Palace just because you have James Tarkowski as captain in your fantasy football team. Last weekend’s Read more…
The last time I wrote about the Self-Employment Income Support Scheme (‘SEISS’), I compared it to the Star Wars franchise, with it a seemingly never-ending series of government grants being offered to the nation’s self-employed. Annoyingly, it has now been confirmed that the grants will be restricted to five instalments, Read more…