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Corporate claims for charitable donations

Corporate claims for charitable donations

by | Aug 8, 2024 | Corporation Tax

When a limited company makes charitable donations specific rules apply. These may include Corporation Tax relief for donations to registered charities or community amateur sports clubs (CASC), as well as capital allowances for equipment donated that has been used...
More detail on VAT charge on private school fees

More detail on VAT charge on private school fees

by | Aug 8, 2024 | Value Added Tax

More details have been published regarding Chancellor Rachel Reeves' plans to impose a VAT charge on private school fees. The government has said that the money raised by ending the tax breaks on VAT, and business rates for private schools, will help secure...
Holiday Lets – the demise of tax concessions

Holiday Lets – the demise of tax concessions

by | Aug 8, 2024 | Income Tax

It was announced as part of the Spring Budget measures that the present favourable tax benefits presently allowed for the letting of properties as short-term holiday lets – known as the furnished holiday lettings (FHL) tax regime – is to be...
Pension contributions – claiming higher rate tax relief

Pension contributions – claiming higher rate tax relief

by | Aug 8, 2024 | Pension

You can usually claim tax relief on private pension contributions worth up to 100% of your annual earnings, subject to the overriding limits. Tax relief is paid on pension contributions at the highest rate of income tax paid. This means that if you are: A basic rate...
Road fuel costs still too high

Road fuel costs still too high

by | Aug 5, 2024 | General

The Competition and Markets Authority (CMA) has published an update on the widespread action it is taking to ensure that people can get the best possible choices and prices in the face of ongoing cost of living pressures. New analysis highlights how the cost to...