Interest Tax Relief On Mixed Use Properties

Interest Tax Relief On Mixed Use Properties

Understanding how Interest Tax Relief on Mixed Use Properties works is crucial for landlords. The tax treatment varies depending on whether the property is residential or commercial. Applying the correct rules ensures landlords maximise their tax relief while staying...
PAYE: How It Started and Why It Matters

PAYE: How It Started and Why It Matters

PAYE (Pay As You Earn) is a cornerstone of the UK tax system. Whether you’re an employer or an employee, understanding how it works is crucial. Since its introduction in 1944, it has simplified tax collection by taking income tax, National Insurance, and other...
Temporary Workplaces and Tax

Temporary Workplaces and Tax

Temporary Workplaces and Tax, well where do you work matters for your taxes. Before COVID , most employees worked at a permanent workplace. This was usually the same office every day. Now, many people work from home and the office. Flexible working is common, and it...
Reporting Residential Property Gains

Reporting Residential Property Gains

Selling a second home or investment property means Reporting Residential Property Gains.  Owners must report residential property gains and pay capital gains tax (CGT) within strict deadlines. Failing to comply can result in penalties and interest charges. Why Sell a...
VAT in the UK: How It Works and How to Stay Compliant

VAT in the UK: How It Works and How to Stay Compliant

    VAT in the UK is a crucial tax that affects businesses and consumers alike. It applies to most goods and services, making it essential for companies to understand their obligations. Furthermore, businesses must register for VAT if their taxable turnover...