Category: Business

HMRC publishes a list of income streams that are excluded from a UK property business. The list includes fishing concerns, hotels and guest houses, tied premises, caravan sites,

The 1,25% increase in NIC contributions from April 2022 will be mirrored by a similar increase in the tax charge on dividends. From April 2022, the dividend tax increases will

There are special rules for the taxation of post-cessation receipts and expenses after a trade has ceased. These provisions also apply to professions and vocations as they apply to

The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler way of managing their financial affairs. Landlords can use the cash basis when

There is a change coming up in rules for eligibility for Employment Allowance from 6th April 2020. It is the duty of each employer to check if they meet the new eligibility criteria to claim this allowance. The salient eligibility rules are as follows: An employer can only claim the Employment Allowances for the tax

Personal allowance and national Insurance rates Personal Allowance: The personal allowance will remain the same at £12,500. Basic rate band will remain at £37,500 which means that 40% tax rate will not start hitting until