As the new tax year starts, there is welcome good news for British employers.
As of April 6, 2014, most businesses will be able to enjoy a reduction in their employer National Insurance bill by up to £2000, in the
Allowances are often best handled by a tax adviser to ensure you pay the right amount of tax on purchases such as vehicles and machinery.
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From the 6 April 2014 you can get the Employment Allowance which could reduce your employer’s Class 1 National Insurance Contributions (NICs) by up to £2,000 every year.
Who is eligible?
Almost every employer who is a business or charity
The CBI has stated that the government could do better to maintain solidity within the taxation structure by allowing current tax rules to remain in place for far longer, or even indefinitely.
However specific refinements could be implemented, as well
The current regime of Furnished Holiday Lettings (FHL) may be about to change as HMRC are consulting on new legislation to replace FHL.
Currently, tax rules allow for holiday lettings to be traded as a “quazi trade” with a number …