If you’re having a Christmas party (or any other annual event) there is an exemption of up to £150/pp you can spend and it’s all tax free! The conditions The total cost must not exceed £150 per head, per year. £150 includes VAT together with any extra costs such as transport and accommodation. The £150…
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So What’s This 31st July Payment On Account Deadline And Does It Apply To Me?
So What’s This 31st July Payment On Account Deadline And Does It Apply To Me? A Payment on Account is a tax payment made twice a year by self-employed people in order to spread the cost of the year’s tax. It is calculated by looking at your previous year’s tax bill, and is due in…
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