Monthly Tax Q&A August 2017 Q&A Working from home What is VAT Registration Threshold? What is Corporation tax? Corporation tax rates in UK What is Capital Gains Tax? Capital Gains Tax Rates Stamp Duty Land Tax for First-Time Buyers Do I need to fill in a tax return? How do I know how much tax I owe? Paying a Self-Assessment Liability via PAYE Code Use Of Home Calculations Car fuel and mileage allowance Student Loan Deductions in Tax Return, How student loan is calculated? Class 2 NIC & Class 4 NIC changes Training cost allowable expense Can You Reimburse London’s Ultra Low Emission Zone Charges Tax-Free? Can I Use a Scanned Signature on Form 64-8 for CIS Authorization? Is Outsourcing Accounts & Payroll for 30 Staff Wise? What are the Tax Implications on the Trust? Tax Implications of Gifting a Rental Property Tax Implications of Gifting a Buy-to-Let Property? Will I have to Pay Capital Gains Tax When I Sell my Home? Has HMRC Changed its Tax Treatment of Electric Car Home Charging? VAT Flat Rate Scheme for New Businesses: Is It Right for You? 2024 National Living Wage Rates: What We Know So Far? Can Moving into a Former Rental Property Mitigate CGT? Are Pre-Trading Expenses Tax-Deductible for Rental Properties? Can Transferring My Property to My Spouse Save Me on Taxes? Working & Freelancing: Special Tax Rules for Your Side Hustle? Self-Employed? Prepare for Digital Record Keeping in 2024! What Should I Do About VAT Registration as My Business Turnover Exceeds £92,000? What are the CIS Rules for My Carpet Fitting Business? What are the Tax Exemption for Employee Bicycle Hire Scheme? Will I Incur Additional Taxes on My Property in Budapest? What is the Capital Gains Tax on Selling First vs. Owning Second Property? How to Minimise Capital Gains and Protect my Father’s Home from Care Costs? How Much Tax on £32,450 Redundancy Settlement? How Can I Offset Trade Loss Against My Income? What Are Tax Implications of Buying House in Scotland? Crypto Taxes: What to Declare Before You Buy? Civil Partner Died? Inheritance Tax on Gifts Explained Tax Relief for Vision Loss Severe Eye Injury? What Are the Tax Rules for Renting Out Vacation Homes? Can Self-Employed Electricians Claim Training Expenses? Can New Dads Access Government Support for Paternity Leave? Can I Claim Tax Relief for Commuting to Hybrid Work Arrangement? What Tax Relief for Ex-Army Transitioning to Civilian Jobs? Can I Claim Tax on Professional Membership Fees? What Happens If My Turnover Exceeds the VAT Threshold? How Can Scientific Businesses Claim R&D Tax Relief? What is Patent Box Regime and Its Benefits for Businesses in 2024/25 Tax Year? What Are the Tax Implications for Receiving Dividends on a £39,570 Salary? What Should We Do If Our Company Misses the Deadline for a £23,000 PAYE Bill? How Much Tax Relief Can I Get from Investing £30,000 in SEIS? Can I Rent Out a Room for £9,000 Tax-Free? Rules Explained How to Manage a VAT Bill When Facing Cash Flow Issues? How Do I Elect Main Residence Relief for Capital Gains Tax on a Second Home? What are the Tax Rules for Inherited Jointly-Owned Property? Are Service Charges Included with Ground Rents on a Landlord Tax Return? Tax on Rental Income for Jointly Owned Property: What to Know How Will a £95,000 Income with a Bonus Impact My Tax Rate? How Will the 2025 Tax Changes Affect Long-Term Non-Domiciled Residents? What are the Tax Implications of Being Paid in Crypto? What Figure is Used for Calculating Capital Gains Tax? How Do I Complete the Trust and Estate Return? Am I Eligible for a SDLT Refund? Will my Non-UK Resident Tax Status be Affected if I Change Jobs? How Do Capital Gains Tax Changes Impact Selling Assets in 2024? How will Autumn Budget 2024 Changes Impact Carried Interest Tax? Do Small Businesses Need to Provide Pensions for Temporary Workers? Do I Need to File a Tax Return for Selling Items Online? Do I Need to Register My Consultancy Under the CIS Scheme? How Will BiK Reporting Changes Affect Small Businesses? Will I Be Liable for Capital Gains Tax on a Property Gift to My Daughter? Can a House Swap be Interpreted as Tax Evasion? Can I Offset My Loss on Shares Against my Personal Tax Allowance? Do I Need to Declare My Small Craft Business Income? Can We Get Tax Relief as a Civil Partnership Couple? Do I Need to Pay Tax on My Savings Interest Earnings? Is CGT Payable if my Ex-husband Buys me Out of Our Jointly-owned Home? Can I Offset my Rental Income against the Rent that I Pay? Is an Inherited Property Subject to Stamp Duty Land Tax? Is a Foreign Inheritance Taxable in the UK? What Employer NI Changes Should New Businesses Prepare For? What are the Tax Rules for Employee Reward Schemes? How are Long Service Awards Taxed for Employees? Are Offshore Investments Subject to Inheritance Tax? What are the Tax Rules for Reporting Crypto Profits? Can My Parents Let me have their House Without Being Subject to IHT or CGT? How Will Upcoming Tax Changes Affect the Sale of My Business? How Can a Sole Trader Reduce Tax with a Lower-Rate Taxpayer? Can I Pay PAYE Less Often to Ease Cash Flow? Do I Need to Stop Using P11D Forms and Start Payrolling Benefits from 2026? Will My £12.5M Turnover Business Qualify as Small Now? Do I Pay Capital Gains Tax When I Incorporate My Business? Can I Avoid Inheritance Tax by Gifting Money Early? How Does a Side Hustle Affect My Tax with a Main Job? Can I Still Claim Work from Home Tax Relief After the Covid-19 Pandemic? Do I Have to Pay Tax on Selling Unwanted Items Online? Why Am I Paying Tax on My Pension for the First Time? Why Do I Need to Register as a Sole Trader If I Earn Less Than £12,570? Will I Pay Tax on Rent-a-Room and Investment Income? Is Roof Replacement an Approved Alteration on a Listed Building? What Is My Personal Savings Allowance After Redundancy? Does the Annual Investment Allowance Apply to Sole Traders? HMRC Says I’m Owed Money – Is It a Tax Code Error or a Scam? Can You Rent to Family Members Under the Rent-a-Room Relief Scheme? Can I Claim the Costs Incurred for Demolishing an Outbuilding? Extra Lump Sum Pension Contribution: Are There any Consequences? Do Teenagers Pay Tax on Summer Job Earnings in the UK? Does Cohabiting Affect Inheritance Tax Compared to Marriage? What Is Form 17 and How Do Landlords Qualify for It? Marriage Allowance: Can I Claim the £252 Tax Break If My Husband’s Income Drops? How to Calculate & Save for Income Tax and National Insurance? How to Get a Refund If Inherited Assets Drop in Value After Valuation? Does CGT Use Sale Price or Market Value on Discounted Property Sales? Can I Gift £50,000 in Premium Bonds to Reduce IHT? What Tax Relief Can Self-Employed People Claim Working From Home? Are My Late Husband’s Overseas Assets Exempt from UK Inheritance Tax? How Much of My Home Office Repairs Can I Claim as a Business Expense? Do I Declare a Cash Gift From My Employer? Avoid Capital Gains Tax When Near the Limit Paying Tax on Savings as a Higher-Rate Taxpayer How to Increase Your Tax-Free Personal Allowance
