Keeping the Christmas Party Tax-Free

Keeping the Christmas Party Tax-Free

If you are holding a Christmas party for staff this year, you’ll want to keep it tax-free so you may want to take advantage of the tax exemption for annual parties and functions to prevent your employees from suffering a benefit-in-kind tax charge. Keeping the...
Tax Checks for Licence Renewal Applications

Tax Checks for Licence Renewal Applications

From 4 April 2022, applicants applying to renew certain licences will need to pass a tax check before their licence applications can be considered. Initially, the requirement will only apply in England and Wales. However, the Government have consulted on extending the...
Annual Investment Allowance (AIA) Transitional Limit Extended

Annual Investment Allowance (AIA) Transitional Limit Extended

Annual Investment Allowance (AIA) transitional limit extended The Annual Investment Allowance (AIA) is a capital allowance that enables you to claim an immediate deduction against your profits for qualifying capital expenditure up to the available limit. The AIA limit...
File your Tax Return by 30 December 2021 so Underpayments are Coded Out

File your Tax Return by 30 December 2021 so Underpayments are Coded Out

The deadline for filing your 2020/21 self-assessment tax return is midnight on 31 January 2022. However, if you have underpaid tax and you are employed and would prefer HMRC to collect that underpayment through your tax code, you will need to file your tax return...