The Government has announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.
What are dividends? How much tax do you pay on them? Dividends are a tax-efficient way of extracting profit from a family business.
Our top tax tips for farming families and those in the agriculture industry.
With people choosing to holiday in the UK, renting out part of your home as holiday accommodation could help improve your household income.
If you have a company car but are not currently using it because of the coronavirus outbreak, then you will still be liable to pay the Benefit in Kind (BIK) unless you can prove the car is unavailable for use for 30 days.
Annual returns for share schemes for the tax year ending 5 April 2020 need to be filed with HMRC by 6 July 2020.