Professional fees and subscriptions

Claims by individuals for income tax relief.  Tax relief can be claimed on fees or subscriptions paid to approved professional organisations where an individual must have membership to do their job or it’s helpful for their work. The claims are under sections 343 and...

Useful tax elections and claims for 2017-18

A timely reminder heading into self assessment season. Main residence nomination s222 (5a) Taxation of Chargeable Gains Act 1992 (TCGA 1992) Taxpayers with two or more residences may choose which property is to be treated as their main residence for capital gains tax...

The Scottish rate of tax

A recap on who, what and when to help with 2017-18 SA tax returns. Scottish income tax is paid if the taxpayer lives in Scotland. It’s paid to the Scottish government. This sounds straightforward but the devil is in the detail. Who pays Scottish income tax? For most,...

Self Assessment Season – Tips From YogaTax

Its Self Assessment Season for Yoga Teachers with 2017-18 returns being due in by 31 January 2019, with tax due on that date as well. In this post YogaTax MD Jessica Garbett, also a Yoga Teacher, covers a few FAQs and hot issues. First Off, What Period Does This...

VAT on vouchers

We are sharing this news from the ACCA, which may impact VAT registered Yoga Teachers Are you aware of how the law on VAT and vouchers is changing? From 1 January 2019, the UK law on VAT and vouchers is changing due to the deadline enforced by the EU’s Vouchers...
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