Child Benefit and the High Income Child Benefit Charge
The High Income Child Benefit Charge (HICBC) applies where an individual or their partner receives Child Benefit, and their adjusted ...
Avoid 60% Income Tax band
A ‘60% Income Tax band’ can arises when an individual’s income exceeds £100,000 in a tax year. Once this threshold ...
Meaning of Carried Interest
Carried interest is essentially a share of the profits from an investment fund that is paid to the fund managers ...
Construction Industry Scheme responsibilities
The Construction Industry Scheme (CIS) is used within the UK construction sector to help manage payments between contractors and subcontractors ...
Don’t forget to pay your Class 1A NICs
Employers are reminded that Class 1A National Insurance contributions (NICs) for the 2025–26 tax year must be paid by 19 ...
Meaning of Permanent Establishment
The term permanent establishment (PE) is an important tax concept for businesses that operate across international borders. In simple terms, ...
Are you too dependent on one customer?
Many successful businesses begin by working closely with one major customer. While this can provide valuable income and stability in ...
Five ways to improve customer retention
Winning new customers is important, but many businesses overlook the value of keeping the customers they already have. Existing customers ...
Employee travel expenses
There is no requirement to report certain travel and subsistence expenses where an exemption applies. The travel and subsistence benefits ...
Tax treatment of loans to employees
Employees may receive a taxable benefit where an employer provides a loan that is interest-free or charged at a rate ...
Company mobile phones and tax implications
When employers provide mobile phones to employees, it is important to understand the tax treatment that applies to both the ...
Understanding dividend tax
Understanding dividend tax is important for anyone who receives income from shares in a company. Dividends are taxed differently from ...
