There are special tax reliefs for pre-trading expenses that are incurred before a business starts trading. These could include expenses that are required to help a business prepare for trading such […]
There are special rules that must be followed when you sell an asset on which capital allowances have been claimed. Capital allowances is the term
If you are an employee that needs to buy substantial equipment to use as part of your employment you may be able to claim tax relief. In most cases
When an employee incurs costs for the provision of mobile phones to employees it is important to understand the correct tax treatment of these
As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited if not used. The annual exemption for individuals in 2021-22 […]
Costs are defined as something that has to be paid or spent to acquire something. Costs include the acquisition of: An object, say material
The new super-deduction tax break, that will allow companies to deduct 130% of the cost of any qualifying investment from their taxable profits, is
The Financial Secretary to the Treasury has written to the Office of Tax Simplification (OTS) to confirm that HM Treasury strongly supports some key
