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HMRC 2018-19 Annual report published

Posted: October 4, 2019

The National Audit Office has published a report on HMRC’s 2018-19 accounts. The report shows that HMRC raised £627.98bn of tax revenues during 2018-19, an increase of £22.1bn (3.6%) on 2017-18. Of this total, around £250bn was paid in PAYE and National Insurance. Currently, around 5.7m small businesses represent more than 95% of businesses in […]

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Parking for rent?

Posted: October 4, 2019

Finding a parking space in a town centre or near to the station is often frustratingly limited. So, if you have a driveway, field or land that can be utilised for parking, you may well have an excellent opportunity to earn some extra tax-free income. Two new allowances – each set at £1,000 – were […]

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Tax cuts coming for zero emissions vehicles

Posted: September 20, 2019

Significant changes to the tax rules governing zero emissions company cars will take effect from 6 April 2020, potentially making an electric car a more attractive option. The tax rules for calculating the taxable benefit arising on a car are not changing – this will still be calculated (broadly) using the car’s full manufacturer’s published […]

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