Although HMRC refer to taxpayers as customers, and thereby suggest a degree of customer service, in the real world this rarely extends to offering “customers” pro-active tax advice. Historically, tax collectors are trained to maximise the assessment and collection of tax. Consequently, tax payers should…
Month: February 2017
Wholly and exclusively
The title of this posting describes an important concept when considering claims for expenditure to reduce our tax bills. By and large, HMRC will accept claims that have been expended wholly and exclusively for the purposes of running a business or fulfilling your employment obligations.…
A step closer to Making Tax Digital
We have advised readers in previous postings that HMRC seem to be intent on digitising the upload of small business accounting data from April 2018. From this date, affected self-employed traders (including landlords) will be required to upload details of their trading activities on a…
Are you claiming the costs that you incur on behalf of your employer
HMRC have the following advice to offer: “You may be able to claim tax relief if you have to use your own money for travel or things that you must buy for your job. You must have paid tax in the year you spent the…