I have heard that soon any businesses
with income below £3,000 won’t have to
complete a tax return or pay any tax. This
sounds too good to be true – what’s the full story?
My director’s loan account was overdrawn for too long and now my company has to pay a Section 455 tax charge. What is this and how do I calculate it?
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My employer has enrolled me into a
pension scheme. When I looked through
the paperwork, it said I could get tax
relief on the pension contributions I
make via relief at source. What does this
mean?
I complete a self-assessment tax return.
Can I spread the cost of my tax bill so I don’t
have to pay it all in January?
I own a pick-up truck for my business
and I am not sure if the tax changes from
April will affect me – what is changing?
I am employed and run a side hustle
selling goods that I make. My income from
the craft business is about £12,000 each
year, but I also have a salary of £45,000. As
my total income exceeds £50,000 does this
mean I need to sign up for Making Tax
Digital?
I am looking for ways to earn more
money. I have a spare room in my house and
both my wife and I have considered letting
this out. Is it true I can do this tax-free?
I am a high earner and had a large tax liability to pay in January. How can I make changes to reduce my tax liability and save tax?
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I am a director and shareholder in my own
company. Following the announcement of
changes to National Insurance, what is the
most tax-efficient method of profit extraction from my company?