Business Miles for the Employed

Does your company pay you less than 45p a mile for your business miles You could be due a tax rebate. HMRC suggest an amount of 45p per business mile for using your own car. (up to 10,000 miles, then 25p over this) If your employer pays you less than this amount you are entitled […]

Introducing the new Marriage Allowance

The Government are bringing a new Marriage Allowance for those people who are married or in a civil partnership. To qualify for the Marriage Allowance you will need to earn under £10,600* (the personal tax allowance for 2015-2016) and your spouse needs to earn* between £10,601 and £42,385 (the limits for basic tax rate) Both […]

Working from home – What expenses can I claim

When you work from home you are able to claim expenses towards the running of your home for the time you use it as a business. You have two options when claiming these expenses, Your first option is to claim a proportion of your household expenses by working out how much of your home you […]

How does the Construction Industry Scheme (CIS) work for subcontractors?

Construction Industry Scheme for subcontractors If you are a subcontractor who works in the construction industry you will have to register with HMRC under the Construction Industry Scheme (CIS). Every time you work for a contractor they will verify that you are part of the scheme and then deduct 20% from your Invoices. If they […]