Estimate your Income Tax for the current year Use this service provided by HMRC to estimate how much Income Tax and National Insurance you should pay for the current tax year (6 April 2018 to 5 April 2019). This tells you your take-home pay if you don’t have any other...
As an entrepreneur you may look to a crowdfunding site to raise money for a new product. Prospective investors are asked to commit to a set level of funding; in return they earn a package of rewards which expands with the level of funding. The VAT implications,...
This tax, known as ATED, applies to residential properties owned by companies. It only came into effect on 1 April 2013 and was extended to properties worth over £500,000 from 1 April 2016. Landlords who have transferred their residential property portfolios into...
If you are about to buy a property in Wales, you need to consider the new land transaction tax (LTT) that comes into effect for all property deals which complete on or after 1 April 2018. The LTT replaces stamp duty land tax (SDLT) and in general its rates are lower...
This tax, known as ATED, applies to residential properties owned by companies. It only came into effect on 1 April 2013 and was extended to properties worth over £500,000 from 1 April 2016. Landlords who have transferred their residential property portfolios into...
This tax relief is designed to encourage people to let out a spare room to a lodger and hence increase the availability of low- cost accommodation. In fact, the relief can also cover short-term lets. If you let rooms in your own home by the night through sites such as...
The national minimum wage (NMW) rates rise on 1 April 2018. Are you certain you know what pay rise you must give to employees and whether the directors should be included in those calculations? Most directors of their own companies do not have to pay themselves the...
It's not true that inheritance tax (IHT) is only due when you die. Capital gifts during your lifetime can be subject to IHT at the rate of 20%, unless the recipient is exempt or the gift is covered by a separate exemption. There are exemptions for gifts made to...
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