How do you calculate adjusted net income?

To calculate adjusted net income, you will need to look at a taxpayer’s total taxable income, before personal allowances, and ...
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When are Class 1A NICs due

Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees, for example, the ...
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VAT and insurance claims

Insurance transactions are generally VAT exempt. However, there are many issues that can arise concerning the VAT liability of certain ...
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Child Benefit charge if income exceeds £50,000

The High Income Child Benefit charge (HICBC) applies to a parent whose income exceeds £50,000 in a tax year and ...
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When you can claim back VAT on purchase of a car

There are complex VAT rules that determine the amount of VAT that can be recovered when purchasing a new car ...
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What you can do with your pension pot

Pension Wise is a free government service that was launched in 2015 to help provide individuals with general pension advice ...
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Pregnant women and new parents to get enhanced redundancy protections

The government has published its response to its January 2019 consultation on “pregnancy and maternity discrimination: extending redundancy protection for ...
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Rent-a-room scheme

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current ...
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HMRC employment status service

HMRC’s employment status service can be used to help ascertain if a worker should be classified as employed or self-employed ...
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2020 May bank holiday will be moved to mark 75th anniversary of VE Day

The government has announced that the date of next year’s early May bank holiday is to move from Monday, 4 ...
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HMRC’s complaint handling process

Taxpayers may find themselves in a position where they need to make a complaint to HMRC. Complaints can relate to ...
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VAT and disaggregation

The artificial separation of businesses is where two or more businesses are split, and each 'separate' entity operates below the ...
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When does ATED apply?

The Annual Tax on Enveloped Dwellings (ATED) came into effect from 1 April 2013. The tax applies to certain Non-Natural ...
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Selling the family heirlooms

There are special rules concerning the payment of Capital Gains Tax (CGT) on the sale of personal possessions also known ...
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The tax consequences of social events

The cost of a staff party or other annual entertainment is generally allowed as a deduction for tax purposes. If ...
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Gifts with strings attached

The majority of gifts made during a person's life are not subject to tax at the time of the gift ...
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HMRC cancels penalties charged to 6,000 families

The High Income Child Benefit Charge (HICBC) was introduced in January 2013 and applies a charge to taxpayers whose income ...
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Free television licences scrapped for over-75s

The TV licence fee has not been payable by those aged 75 or over since 2001. During 2015, the government ...
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VAT reverse charge construction industry

A change to the VAT rules first announced at Budget 2018, will come into effect from 1 October 2019. This ...
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Cashback schemes and tax

Statement of Practice 4/97 sets out HMRC’s views on the correct treatment for tax purposes of commission, cashbacks and discounts ...
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Employer owned property and sub-letting

In some industries, employers provide accommodation to employees because this is required by the nature of the job. There are ...
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Free information about companies

A surprising amount of free information about companies is available from Companies House. This is in line with the government’s ...
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Genuine HMRC messages

HMRC has issued an updated version of their online guidance on Genuine HMRC contact and recognising phishing emails and texts ...
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On your e-bike

The Cycling Minister, Michael Ellis, has announced a number of changes to the Cycle to Work scheme in an announcement ...
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