Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS). The review considers the high-level implications of moving the tax year end date to 31 December, and a more detailed evaluation of the […]
UK gross domestic product (GDP) is estimated to have increased by 4.8% between April and June 2021 as trading restrictions were eased in the spring months. The latest figures from the Office for National Statistics (ONS) also show that GDP increased across all three months in Q2 2021 at 2.2% in April, 0.6% in May […]
Your company is paying for an electric charging point to be fitted at your home, and both you and your partner will use it as you each have electric cars. Will this count as a taxable benefit in kind and what are the tax consequences if you sell your home?
Should you make your spouse a business partner to save tax?