Tax Archives - Gloucestersphere

In General, Owner managed businesses, Start up, Tax planning

Posted January 1, 2020

Can I claim capital allowances?

Capital allowances are a way of obtaining tax relief on some types of capital expenditure. What is capital expenditure? Expenses you incur in your business can either be capital or revenue [...]

By Rachael Britnell

In Employment tax, Individuals, Owner managed businesses, Start up

Posted January 1, 2020

Are you entitled to Tax Free Childcare?

Tax free childcare is a HMRC scheme that offers working families in the UK support toward childcare costs. What is it? HMRC will top up every payment of 80p with an extra 20p up to the equivalent [...]

By Rachael Britnell

In General, Individuals, Tax planning

Posted December 30, 2019

I claim child benefit. Should I complete a tax return?

The High Income Child Benefit Charge (HICBC) was introduced in January 2013. It relates to the clawback of child benefit for those with income in excess of £50,000 per year. Who does it apply to? [...]

By Rachael Britnell

In Budget, Capital Gains Tax, Employment tax, General, Individuals, Owner managed businesses, Pensions, Property, Start up, Tax planning

Posted October 30, 2018

Budget 2018 – How will you and your business be affected?

On 29 October 2018 the Chancellor presented the Autumn 2018 budget. Businesses Annual Investment Allowance (AIA) The Annual Investment Allowance (AIA) provides 100% tax relief on certain capital [...]