Gifts Gifts are tax free to employees if they are non cash, cost £50 or less and are not part of a contractual entitlement or recognition of performance. Any gifts…
Capital Gains Tax Update for 2023 The capital gains allowance (that is the amount you can make before paying any tax) reduced to £6,000 on 6th April 2023. It was…
Change In Basis Period Reform While there is a delay to Making Tax Digital for income tax self assessment, unincorporated businesses will have to report their results on the tax…
FURNISHED HOLIDAY LETTING (FHL) In the UK, there are special tax rules and reliefs for properties that qualify as furnished holiday lets (FHL’s). This means that a FHL is more…