Do You Get Tax Relief Working from Home in the UK?
Tax relief working from home reduces a portion of the financial burden incurred for job or business purposes. This works by reducing the taxable income
Junaid Usman
7 June 2024
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Tax relief working from home reduces a portion of the financial burden incurred for job or business purposes. This works by reducing the taxable income
At every point of property ownership, landlords have several tax obligations—when they bought the property, rent out for profits, and sell. Below is a
Not all accounting practices are solely for government compliance, such as management accounts. Unlike statutory accounts, they are optional and tailored to specific business
Double taxation treaties clarify cross-border taxation systems and primarily exist to prevent an individual from being taxed twice in two states and mitigate tax
Are financial advisor fees tax deductible in UK? This and other self-employed expenses are discussed in this article, covering which expenditures are tax deductible
The Autumn Statement 2023 announced an increase in the UK minimum wage 2024 for all four wage categories. Changes in minimum pay always begin in April,
Beginning January 2024, HMRC is stringently clamping down taxes on side hustle incomes to prevent tax evasion through the new data-sharing rules. The new tax
Chancellor Jeremy Hunt hopes to implement further tax cuts before this year’s general election believing it is the shortcut way to enhance the UK economy, which may
People who earn income from ‘side hustles’ will be taxed beginning January 2024. The UK signed up to the Organisation for Economic Cooperation and Development’s
Contents HMRC sends one to many letters to different taxpayer groups or agents for various purposes, with content ranging from pure information to prompts. UK
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
The end of the tax year brings a few certainties. One of them is an important document landing in your inbox or hand. So, what is a P60 exactly? In the UK, it is an official record of the total pay received, and the amount of tax and NICs deducted during that tax year.
The days of crypto anonymity are coming to an end. From January 2026, HMRC will begin receiving automatic data on UK taxpayers’ cryptoasset activities from digital asset platforms around the globe. This is all under a new international agreement known as the Cryptoasset Reporting Framework (CARF).
Almost every employee in the UK is eligible for workplace pensions. It’s mandatory for employers to set their employees for auto enrolment pensions, even if they only have one. This guide is for both, whether looking to strengthen compliance or understand how it affects their paycheck.
The removal of P11D forms, replaced by mandatory payrolling of benefits in kind (BIK) by April 2026, is deferred for 12 months. This was first introduced in January 2024, but with several appeals, HMRC announced on 28 April 2025 that it will delay the implementation in April 2027.
Those who are self-employed or in a partnership need to know about a major tax change: “Basis Period Reform.” This new approach to taxing business profits in the UK aims to simplify things by aligning everyone’s tax calculations to the standard tax year. This guide breaks down everything in simple terms. Understand what is changing, how it impacts you, and what steps you may need to take.
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
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