Taxation

This category contains 53 posts

When travel isn’t travel

The HMRC makes a distinction between travel ON the job and travel TO the job. In all cases, ensure the travel is not private travel or ordinary commuting. NOTE that deductions are NOT allowed for travel between home and a permanent workplace OR between a workplace and a non-workplace OR between separate (ie non-associated) employers’ … Continue reading

In case you didn’t know…

If you rent any part of your main home out for residential purposes, there’s a tax free threshold of £7500 per year, effective from the 2016/2017 tax year. This means the first £7500 of the gross rent is tax free. Note that you cannot deduct expenses if you are taking advantage of this tax free … Continue reading

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