Since April 2016, the amount of tax-free income you can earn from letting a room in your home has increased to £7,500 per annum, or £3,750 if two persons own a property jointly. You can use the scheme if: you let a furnished room to a lodger your letting activity

You would be hard pushed to find a tax payer who was happy to pay tax. Whatever the economic benefits of taxation, we would all prefer that someone other than ourselves paid the bill. Companies are obliged to disclose their corporation tax liabilities in the year in which they are

The government is looking at ways to incentivised users of vans to go green. According to the statistics, less than one in every two hundred vans (0.4%) bought in 2016/17 was an ultra-low emission model. To tackle this issue, the government is seeking views on reforms to vehicle excise duty,

PRIVACY POLICY 25 May 2018 Royston Parkin Ltd is committed to ensuring that the privacy of its clients is protected and has taken appropriate security measures to safeguard the transfer and storage of personal data. During the course of our activities we will collect and process personal data in respect

HMRC is launching a new consultation to make sure that people who effectively work as employees pay the right amount of tax. As announced at the Autumn Budget, the consultation will look at how to increase compliance with the existing ‘off-payroll’ working rules. These rules mean that contractors such as

There is something uniquely satisfying about a tax refund. Of course, you must first overpay tax before it can be refunded, but there is a universal joy in receiving a cheque or direct payment to your bank account from HMRC. Occasionally, HMRC will volunteer the information, they may even send

We have all heard of individuals who have been affected by the nefarious antics of loan sharks, lenders that breach the normal fiscal rules by taking advantage of needy persons who do not qualify for support from mainstream banking sources. The government has announced additional funding to crack down on

Now that Wales and Scotland have devolved powers for taxation purposes, residents that live and work in the border areas with England have more planning options. Wales have their own stamp duty regime from April 2018, the Land Transaction Tax (LTT), and Scotland, from April 2015, the Land & Building

Up to 5 April 2018, certain payments in lieu of notice were not taxable, primarily, those not contractually required to be made. This is no longer the case. Employers will now need to pay Income Tax and Class 1 National Insurance contributions (NICs) on an element of all termination payments

As you would expect there are a range of conditions that affect the answer to this question. We have reproduced below a summary of the main conditions to be observed. Workers must be at least school leaving age to get the National Minimum Wage. They must be 25 or over