This isn’t for your daily commute between home and a permanent workplace. That’s just ‘getting to work’. But it does include any temporary workplace you travel to while working, among others. This article will discuss what you can and can’t claim and how. Key Takeaways The HMRC d...
Do you have a part time job or small home business? If so, you need to register with HMRC. But it’s not all bad news – find out why doing so could even lead to a tax refund if you’re lucky! Many people with young families work part time and have a second part time...
Carry Forward of Losses: Offset future gains with losses from previous years. Keep detailed records. Utilise Allowances: Realise gains within the annual tax-free capital gains allowance to avoid Capital Gains Tax. Consider Timing of Sales: Sell assets in a low-income year to reduce tax liabiliti...
“A basic-rate taxpayer can earn up to £1,000 in interest on savings without paying tax on it. This can be a nice bump – and many people won’t go over this £1,000 annual allowance,” said Brian Byrnes, Head of Personal Finance at Moneybox, in an email to NerdWallet. However...
9. How much tax will I pay on income I make from selling online?The amount of tax payable on the income you make from selling online is determined by the Income Tax band your total taxable income falls into. You’ll pay:BandTaxable income Tax rate Personal Allowance Up to £12,...
The tax agency is also standardising contracts for staff to eliminate what its permanent secretary Jim Harra has called “inherent unfairness” in working conditions. The changes will mean working hours and annual leave entitlements are standardised, all staff are entitled to partial remote working, ...