personal taxatation Archives - Page 40 of 49 - Whitefield Tax - Isle of Wight Accountants

Summer Budget 2015 (edited)

by Jessica Garbett | Jul 9, 2015 | budget, business taxation, HMRC, personal taxatation

We’ve produced a short summary on the key tax issues from todays budget for a typical Whitefield client, covering: ~ employment allowance ~ IR35 ~ travel and subsistence ~ Corporation Tax and Dividend tax. SummerBudget2015 There are some major changes, but,...

Easy Money – Tax on Savings

by Jessica Garbett | Jul 7, 2015 | personal taxatation, Tax Help for Old People

If your summer holiday is going to cost a fortune, you might be looking for ways to replenish your bank account! Why not check to see if you are eligible for the 0% savings rate on your savings income (interest).It’s quite easy to do. First, look to see; If you are...

P2P bad debt relief

by Jessica Garbett | Jul 6, 2015 | ACCA, business taxation, personal taxatation

If a P2P loan is not repaid, then the loss that the lender suffers on that loan will be set against the income that they receive on other P2P loans before that income is taxed. Legislation is proposed for the Finance Bill 2016, but relief is likely to be available for...

Renting a house when working away from home

by Jessica Garbett | Jun 5, 2015 | business taxation, enquiries and tax disputes, expense payments, penalties, personal taxatation

The existence of HMRC rules around subsistence and accommodation when working away from home are well know, even if people often need to check the detail. A question that arises sometimes is “Can I claim for a house rent/flat rent whilst I am working away from...

Benefits in kind of loans to directors and employees

by Jessica Garbett | Jun 4, 2015 | ACCA, business taxation, employer returns, personal taxatation

How do I calculate the benefit arising on a director or employee loan? What are the exemptions? Calculation Normal method is to take the average for the year: Take the average of the loan outstanding at 5 April at beginning of the year and 5 April at the end of the...

Residential Let Property and Furnished Holiday Lets – an update

by Julie Barrett | May 20, 2015 | business taxation, personal taxatation, property taxation

Residential let property The rules on claiming some expenses against rental income changed in 2013/14. Prior to that, whilst the initial costs of things like furniture, white goods, carpets etc was never allowable, you could claim for the replacement of such items....

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Summer Budget 2015 (edited)

Easy Money – Tax on Savings

P2P bad debt relief

Renting a house when working away from home

Benefits in kind of loans to directors and employees

Residential Let Property and Furnished Holiday Lets – an update

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