P11D dispensations
The form P11D is used to provide information on expenses payments and benefits to HM Revenue & Customs. This information has to be given to HMRC by law for each employee or director earning more than £8,500 (UPDATE: this threshold has been removed from 6 April...Is Your Tax Code Correct?
Do you know what your tax code is? For most people, their tax code is a meaningless string of digits. It is, however, very important, as it determines how much tax is deducted from your salary. It isn’t unusual for a tax code to be incorrect – millions...Do I have to register as self employed?
One of the first things which is discussed in my free initial consultations is whether or not somebody has registered as self employed with the tax authorities. There are a number of reasons why people think they don’t have to: But I’m not taking any...Five simple tax saving tips
Everyone wants to pay less tax. Here are some simple ideas to make sure you keep your tax bill down other than by simply investing in an ISA. 1. Use your spouse’s tax allowance Nearly everybody in the UK is entitled to an Income Tax Personal Allowance, which is...Follow Starfish Accounting
