by THobbs | Nov 5, 2018 | News, Tax
Chancellor Philip Hammond presented his second Autumn Budget on 29th October 2018. This was notable for being the first Budget on a Monday since 1962, and the date itself is several weeks earlier than initially planned to allow time for Brexit legislation to pass...
by adsoxford | Sep 24, 2018 | News, Tax
In our recent article, we covered how the business owner can claim back the cost of their business trips. When claiming motoring costs, you must also consider which journeys made can be classified as business, and which are private. Travel to a permanent workplace is...
by THobbs | Sep 18, 2018 | News, Tax
When considering the most appropriate and advantageous structure for a business, it is important not to focus purely on the headline direct tax position, although of course this is a significant consideration. Apart from the annual corporation tax/income tax...
by THobbs | Sep 11, 2018 | News, Tax
You can claim ‘allowable business expenses’ for vehicle insurance, repairs and servicing, fuel, parking, hire charges, vehicle licence fees and breakdown cover. You can not claim for non-business driving or travel costs, fines or travel between home and work There are...
by THobbs | Aug 15, 2018 | News, Tax
There seems to be a lot of confusion when it comes to what can be claimed as workwear/clothing costs when it comes to most businesses. The simple HMRC rule basically boils down to if the item of clothing can also be worn for non-related work occasions, tax relief...
by THobbs | Aug 1, 2018 | News, Tax
Self-employed For a self-employed person, the general rule is that there is no relief for subsistence costs – this case has been tested in the courts – unless it is an incidental part of the job. So, lunch whilst you are working would not count as you need to eat to...
