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relief

COVID-19: Claiming working-from-home relief

You can claim tax relief for the whole year, worth £60 or £125 depending on your tax band even if you have only had to work from home for just one day.

COVID-19: WHAT ACTION SHOULD BUSINESSES BE TAKING TO MITIGATE THE IMPACTS?

The impacts of Covid-19 are far reaching. Almost every business has been impacted to some degree. So what action can businesses take to weather the storm? There is currently a huge amount of information in the ether to absorb, so to help navigate it all, Moore South have compiled a user friendly list of measures to help businesses trade through.

COVID-19: WHAT ACTION SHOULD BUSINESSES BE TAKING TO MITIGATE THE IMPACTS?

The impacts of Covid-19 are far reaching. Almost every business has been impacted to some degree. So what action can businesses take to weather the storm? There is currently a huge amount of information in the ether to absorb, so to help navigate it all, Moore South have compiled a user friendly list of measures to help businesses trade through.

What tax allowances can self-employed claim when working from home?

Being self-employed and working from home offers numerous benefits such as unlimited income potential, savings on transportation, clothing and tax deductions.

Changes to private residence relief

If you rent out all or part of your home this may create a Capital Gains Tax (CGT) charge when you sell the property.

HMRC: Charities can no longer claim VAT relief on social media advertising

HMRC is writing to charities to inform them of the latest changes to VAT relief on social media advertising. 

100% tax relief for low emission cars

Currently 100% capital allowances are available when a business buys a motor car with CO2 emissions of no more than 75 grams per kilometer. Legislation has now been passed to reduce the threshold to just 50 grams from April 2018 but also to continue the tax relief for 3 years until 2021.

100% tax relief for low emission cars

Currently 100% capital allowances are available when a business buys a motor car with CO2 emissions of no more than 75 grams per kilometer. Legislation has now been passed to reduce the threshold to just 50 grams from April 2018 but also to continue the tax relief for 3 years until 2021.

Limits on certain claims for tax relief

From 6 April 2013, the total amount of certain Income Tax reliefs that can be used to reduce your total taxable income is limited to £50,000, or 25% of your adjusted total income, if higher.  

A Gift Aid Audit

Partner Dickon Sandbach explains some of the pitfalls charities and other not-for-profit organisations need to look out for in relation to the way they collect gift aid.