Friday Tax Tips

Find out how to pay less tax with up to date Tax Tips and dozens of ways to reduce your tax bill.

Tax Tips  – News from HMRC – for Entrepreneurs & Individuals

 

 

(4 Minute Read) How to get a bike tax free! What is the Cycle to Work Scheme? The Cycle to Work scheme was introduced in 1999 to improve health and reduce pollution. Under the scheme, your employer buys the bike,

(4 Minute Read) Post-Brexit VAT changes to importing goods. What’s changing about Import VAT? As a result of Brexit, new import tax rules need to be followed on goods imported from the EU. VAT must be applied on all imports

(6 Minute Read) Protect your family from a huge tax bill What is Inheritance Tax? Inheritance Tax (IHT) is a tax charged on your estate when you pass on, but it can also be charged on transfers made during your

(2 Minute Read) Why you could be left with a 54.5% tax bill? What is it? In the Chancellor’s 2021 budget, Rishi Sunak announced a series of planned tax rises. The increase in corporation tax has resulted in an increased

This page is not intended to constitute tax advice. The information provided in these documents are based on our understanding of current tax law; however, we do not represent or warrant the accuracy of the information contained herein, and any information provided may be incomplete or condensed. Furthermore, the suggestions contained within this document are for discussion purposes only and should not be relied on. You should seek formal tax advice before proceeding with any of the suggestions contained in these documents.