Tag Archives: Income tax

Trade? Or not Trade?

As part of their modernised, proactive approach, HMRC is actively searching the internet for evidence of traders who are consistently selling goods on eBay and not declaring their income.  It’s not just ebay – if you  have affiliate income or … Continue reading

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Summer jobs

HMRC have kindly reminded employers and students that there are steps which can be taken to ensure tax isn’t deducted where it need not be. If you, or somebody you employ will be earning less than £7,475pa then you won’t … Continue reading

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False self employment

Are you self employed? Are you false self employed? False self-employment is where a worker is treated as being self-employed for income tax and National Insurance but in reality seems to be in permanent employment with the same company or … Continue reading

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Furnished Holiday Lettings

Furnished Holiday Lettings – simply where you let out a furnished property on a short term basis  - has its own tax treatment. Furnished Holiday Lettings relief allows a holiday home owner to deduct directly attributable expenses –  mortgage interest, … Continue reading

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Budget post 4 – Personal Tax

And now the last post in this mini series summarising the most notable changes from the recent budget,. This post looks at Income tax, Capital gains and Inheritance take. In summary? “Personal allowances are changing to the benefit of basic … Continue reading

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