Gratuities, tips and tax
Date posted: 24th Jul 2023
A customer may pay extra as a tip, a service charge or a gratuity. A tip or gratuity is a voluntary payment that the customer has no obligation…
Date posted: 24th Jul 2023
A customer may pay extra as a tip, a service charge or a gratuity. A tip or gratuity is a voluntary payment that the customer has no obligation…
Date posted: 24th Jul 2023
HMRC could be handed details of landlords who are not complying with their tax obligations. The new Renters Reform Bill will include a landlord database, which is likely…
Date posted: 24th Jul 2023
As interest rates continue to rise to levels unseen for many years, taxpayers could face a shock in relation to paying tax on interest earned. It is important…
Date posted: 24th Jul 2023
If you own a large plot of land that you no longer require but you don’t want to move home, you may consider selling some of it for…
Date posted: 24th Jul 2023
In recent years, there has been a trend for new businesses to begin operating as a limited company. There are potential tax savings by operating as a limited…
Date posted: 24th Jul 2023
The main residence exemption applies for capital gains tax purposes to the extent that a property is used as the taxpayer’s only or main residence. Where a property…
Date posted: 24th Jul 2023
The tax system contains a number of exemptions, some of which are more useful than others. One of the more valuable exemptions is that for mobile telephones. As…
Date posted: 26th Jun 2023
Most people do not want to give money to the taxman when they die. However, while it is said that inheritance tax (IHT) is a voluntary tax that…
Date posted: 26th Jun 2023
The personal allowance is set at £12,570 for 2023/24. However, not everyone is able to benefit from the personal allowance. A taper applies which gradually reduces the personal…
Date posted: 26th Jun 2023
If you have not yet completed your 2021/22 tax return, then you will be accruing daily penalties of £10. This could be a significant amount given that you…
