For individuals The income tax personal allowance is set to rise again, not just as scheduled in April 2012, but next year too. It will go up further in April 2013 to £9025.00. This is a step forward towards raising it up to £10000.00. On the otherhand, the 50p tax rate is to be brought […]
Reimbursing expenses to your employees the cost of their business travel etc. is tax and NI free. But is there a possibility of paying a fixed-rate allowance instead to make them better off.
People who own foreign properties and have evaded tax all this time will come under the microscope by the UK tax authorities. People with between £2.5m and £20m in wealth and homes abroad will be the first to be targeted by a recently established unit of tax inspectors. HM Revenue & Customs (HMRC) expresses hope […]