Sinclair Day

April 25, 2018

Small amounts of property and trading income

There are two separate £1,000 tax allowances for property and trading income that have been available to taxpayers since April 2017. The £1,000 exemptions from tax apply to: Taxpayers who make up to £1,000 income from self-employment, casual
April 25, 2018

Work covered by the CIS scheme

The Construction Industry Scheme (CIS) is a set of special rules for tax and national insurance for those working in the construction industry. Businesses in the construction industry are known as 'contractors' and 'subcontractors'. Under the scheme,
April 25, 2018

Simplified expenses for the self-employed

There are some simplified arrangements available to the self employed, and to some partnerships for claiming a fixed rate deduction for certain expenses where there is a mix of business and private use. The simplified expenses regime is not available
April 25, 2018

Tax when your company gives to a charity

There are special rules in place when a limited company gives to charity. This can include, corporation tax relief for qualifying donations made to registered charities or community amateur sports clubs (CASC) as well as capital allowances for giving