Posted in Capital allowances
Most day to day business expenses can be deducted from business income when calculating your taxable profits. However, the rules are different for ‘capital’ expenditure’. Capital allowances is the term used to describe the allowances which allow
Continue readingPosted in Income Tax
The Married Couple’s Allowance (MCA) is available to elderly married couples or those in a civil partnership, where at least one member of the couple were born before 6 April 1935 (i.e. at least 83 years old). The allowance provides for tax relief by
Continue readingPosted in General
The new Soft Drinks Industry Levy came into effect with the start of the new tax year on 6 April 2018. The Levy commonly known as the ‘sugar tax’, has been put into effect to help combat the excess use of sugar especially by children.
Since the
Posted in Construction Industry Scheme
The Construction Industry Scheme (CIS) is a set of special rules for tax and national insurance (NI) for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’. The scheme
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