Category Archive Tax

Making the most of pension contributions for tax purposes

March 12, 2024 Comments Off on Making the most of pension contributions for tax purposes By Joshua Leigh & Co

Are you ready for the end of the 2023/24 tax year?

Read More

My business prioritises sustainability – Can I claim tax reliefs?

March 5, 2024 Comments Off on My business prioritises sustainability – Can I claim tax reliefs? By Joshua Leigh & Co

Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level.

Read More

Understanding VAT for limited companies and unincorporated businesses

February 29, 2024 Comments Off on Understanding VAT for limited companies and unincorporated businesses By Joshua Leigh & Co

For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.

Read More

Can I claim Employment Allowance for my business?

February 22, 2024 Comments Off on Can I claim Employment Allowance for my business? By Joshua Leigh & Co

The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs).

Read More

Higher rate taxpayer? How to prepare for the end of the tax year

February 21, 2024 Comments Off on Higher rate taxpayer? How to prepare for the end of the tax year By Joshua Leigh & Co

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.

Read More

HMRC U-turns on its double cab pickups tax decision

February 20, 2024 Comments Off on HMRC U-turns on its double cab pickups tax decision By Joshua Leigh & Co

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.

Read More

Loophole closed: Pickups are now classed as cars (NOT vans)

February 15, 2024 Comments Off on Loophole closed: Pickups are now classed as cars (NOT vans) By Joshua Leigh & Co

A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.

Read More

Making Tax Digital – Your questions, answered

February 7, 2024 Comments Off on Making Tax Digital – Your questions, answered By Joshua Leigh & Co

Making Tax Digital (MTD) is designed to simplify the tax process for business owners.

Read More

Government to change tax law twice before election – How to prepare

February 1, 2024 Comments Off on Government to change tax law twice before election – How to prepare By Joshua Leigh & Co

The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.

Read More

Attention UK Taxpayers – do you understand the 500T tax code?

January 31, 2024 Comments Off on Attention UK Taxpayers – do you understand the 500T tax code? By Joshua Leigh & Co

The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.

Read More