What is the 'Side Hustle Tax'?
Wednesday 13th of March 2024 HMRC Has announced that from 1st January 2024 firms including Vinted, Airbnb, Depop and eBay are obligated...
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Pro Tax Plus Accountants
- Feb 28
- 2 min
Unlocking the Intricacies of Inheritance Tax in the UK: A Comprehensive Guide
In the realm of financial planning and estate management, one facet that demands careful consideration is the ever-present subject of...
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Pro Tax Plus Accountants
- Sep 23, 2022
- 2 min
Mini Budget 2022: What It Means For You
Chancellor Kwasi Kwarteng has unveiled his Mini Budget, claiming these are the biggest tax cuts! What does this includes? See below to...
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Pro Tax Plus Accountants
- Sep 23, 2022
- 1 min
National Insurance Rise Reversed in Nov 2022
The 1.25% rise in National Insurance will be reversed from 6 November and the government will axe a planned tax rise to fund health and...
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Pro Tax Plus Accountants
- Mar 21, 2020
- 1 min
Support for businesses who are paying sick pay to employees
Support for businesses who are paying sick pay to employees We will bring forward legislation to allow small-and medium-sized businesses...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
Subsistence expenses – using the benchmark scale rate
The option to pay employees flat rate subsistence expenses tax-free can be an attractive one; the employees are clear on what expenses...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
`Relevant goods’ and the VAT flat rate scheme?
The VAT flat rate scheme is a simplified VAT scheme, which allows small traders (turnover of £150,000 excluding VAT) to account for the...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 3 min
Tax-free Christmas parties
Tax-free Christmas parties Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
VAT capital goods scheme
The VAT capital goods scheme affects input tax recovery in relation to high value capital assets by partially exempt traders and...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
Claim a deduction for work clothing
Many employees are required to wear a uniform for work. Even where there is no set uniform as such, many employees have clothes that they...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
Rewarding staff suggestions in a tax-free manner
Many organisations operate a staff suggestion scheme and reward employees where a suggestion is adopted which will benefit the...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
Tax-free mileage allowances
Employees often use their own cars for work, usually claiming expenses in the form of a mileage allowance to cover the costs. While it is...
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