lifestyle
What is the top rate of capital gains tax in the UK?
Capital Gains Tax rates in the UK for 2021/22 10% (18% for residential property) for your entire capital gain if your overall annual income is below £50,2...
Category: Lifestyle
lifestyle
Are mobile phones VAT exempt?
If your business buys its employees mobile phones for business use, you can reclaim all of the VAT even if you allow private use. You can also reclaim all...
lifestyle
Is a tax reference number the same as a national insurance number?
The NINO can be quoted as the tax reference number on some official documents from HM Revenue and Customs. Both the UTR and NINO are personal and private ...
lifestyle
Why would a private business want to move their business to Australia?
Many companies have decided to relocate their operations to Australia due to the stability and wealth of opportunities that are there. This is also true f...
lifestyle
How far back can HMRC investigate VAT?
4 years How many years can HMRC go back into an investigation? Once an enquiry has been opened into your tax affairs, the HMRC have 4 years from the end o...
lifestyle
Can driving instructors do lessons in your own car?
You can also get your instructor to teach you in your own car. Have them meet you at your house and set off for the lesson in your car instead of theirs. ...
lifestyle
Can you trade forex while working full-time?
Part-time forex trading can be a successful way to supplement your income. There are enough hours in the day to trade in this potentially profitable marke...
lifestyle
What tax and NI will I pay on redundancy?
Employees who’ve been made redundant only pay tax on payments over £30,000. They do not pay any National Insurance. Tax and National Insurance are deducte...
lifestyle
Does redundancy pay include annual leave?
A genuine redundancy payment does not include any amount paid in relation to unused annual or long service leave entitlements. However, it will include an...
lifestyle
Why is my website going down?
A website could be down because of a botched plugin, bad code, or an issue with the system’s database. If you frequently upload content via WordPress or a...
lifestyle
What is the deadline for paying PAYE?
Overview. You must pay your PAYE bill to HM Revenue and Customs ( HMRC ) by: the 22nd of the next tax month if you pay monthly. the 22nd after the end of ...
lifestyle
Are redundancy payments an allowable expense?
On general principles redundancy payments will be allowable as deductions provided that they are paid wholly and exclusively for trade purposes, and do no...
lifestyle
Can I cash in my private pension at 65?
Under the pension freedom rules, you can cash in pensions of any size as you wish – provided you have a defined contribution pension. But if you decide to...
