by admin | Nov 14, 2024 | Uncategorized
Capital allowances enable businesses to claim tax relief on certain capital expenditures. Different rules apply to various types of capital expenditure, and the amount you can claim depends on the specific capital allowance you use. If an item is eligible for...
by admin | Nov 14, 2024 | Uncategorized
The current tax benefits for the letting of properties as short-term holiday lets (known as Furnished Holiday Lets – FHL) is to be abolished from April 2025. The changes will take effect on or after 6 April 2025 for Income Tax and for Capital Gains Tax and...
by admin | Nov 11, 2024 | Uncategorized
When evaluating the annual running costs of electric vehicles (EVs) compared to diesel cars, several key factors come into play: fuel (or electricity) expenses, maintenance, insurance, taxation, and depreciation. Here's a detailed comparison: Fuel/Electricity...
by admin | Nov 11, 2024 | Uncategorized
The Bank of England's recent decision to reduce the base rate to 4.75% brings several potential benefits to various sectors of the UK economy. Let's explore these advantages in detail. Reduced Borrowing Costs Lowering the base rate directly influences the...
by admin | Nov 8, 2024 | Uncategorized
1 December 2024 – Due date for Corporation Tax payable for the year ended 28 February 2024. 19 December 2024 – PAYE and NIC deductions due for month ended 5 December 2024. (If you pay your tax electronically the due date is 22 December 2024). 19 December...
