Posted in Employee Benefits
There is no longer a requirement to report certain routine expenses to HMRC. The types of expenses and benefits covered are referred to as exemptions and have replaced dispensations which can no longer be applied for.
The business expenses and
Posted in Income Tax
The letters in an employee’s tax code signify their entitlement (or not) to the annual tax free personal allowance. The tax codes are updated annually and help employer’s work out how much tax to deduct from an employee’s pay packet.
The basic
Posted in Employment Law
The Supreme Court has upheld the Court of Appeal’s decision and confirmed that a plumber who was classed as self-employed was actually a ‘worker’. The Supreme Court dismissed the appeal by Pimlico Plumbers and agreed that the employment status of the
Continue readingPosted in Value Added Tax
The VAT annual accounting scheme is open to most businesses with a turnover of up to £1.35m per year. Businesses that use the scheme are only required to file one VAT return at the end of each year. This can significantly reduce the amount of
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