Many of us have chosen to donate to relief organisations in the past week as the plight of displaced persons in Ukraine continues to dominate the news. The following notes explain how you can claim for tax relief on these, and any other charitable donations made this tax year. Giving from your personal funds Donations…
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Online Sales Tax – a step closer?
High street retailers will be interested in the recent publication of an early-stage consultation that explores the argument for and against an Online Sales Tax. It is argued by the retail sector that business rates discriminate against the high street. The idea is to use any revenue from this tax to fund reductions in business…
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Do you qualify for this allowance?
HMRC recently published a reminder targeted at married couples with an unused personal tax allowance. They said: Marriage Allowance allows married couples or those in civil partnerships to share their personal tax allowances if one partner earns an income under their Personal Allowance threshold of £12,570, and the other is a basic rate taxpayer. Eligible…
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Back to normal?
Now that the majority of COVID-19 restrictions are being eased, or removed completely, can we assume that normality can return in place of the unremitting uncertainty of the past two years? Whilst this may seem to be a welcome prospect, business owners badly affected by this disruption will have two issues holding them back: A…
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