01983 614108

Paying Voluntary NI

by | Jan 9, 2018 | Tax News

Whether to pay Voluntary NI can be a vexed issue for those working part time, or transitioning from employment to self employment. Heres our new guide on the topic

Reprieved class 2 NICs

by | Jan 5, 2018 | Tax News

Threshold and contributions up before 2019 abolition. It was announced earlier in November that the government has chosen to delay the abolition of class 2 national insurance contributions (NICs) by a year until 6 April 2019. For 2018/19 the small profits threshold...

The Scottish rate of tax

by | Dec 18, 2017 | Tax News

A recap on who, what and when, designed to help with 2016/17 self-assessment tax returns. When are the changes from? From 6 April 2016 people who live in Scotland pay a proportion of their income tax to the Scottish government. The Scottish rate of income tax (SRIT),...

Making Tax Digital another step nearer

by | Dec 8, 2017 | Tax News

VAT to be all-digital from April 2019. The chancellor has announced the passage of enabling legislation in the Finance (No.2) Act 2017 allowing, subject to secondary legislation, for HMRC to require businesses to keep records digitally. VAT is the only area that must...

HMRC and SA302s for Mortgages and Loans

by | Dec 6, 2017 | Tax News

This in by email from HMRC This is a reminder that, on the 5 September, HMRC changed the way we deal with requests for copies of the SA Tax Calculation (sometimes referred to as the SA302). From that date we no longer issue paper copies of the tax calculation if the...

Budget: Income tax changes

by | Dec 1, 2017 | Tax News

The chancellor made a number of tweaks to income tax rates, rules and allowances.  The following changes will be implemented from April 2018:  Personal Allowance increase Personal allowance has been increased from £11,500 to £11,850. This means higher rate tax rates...

Christmas Shutdown 2017

by | Nov 27, 2017 | YogaTax News

Just to let clients know the Whitefield office will be closing for Christmas at midday Friday 22 December 2017, and reopening 9am Tuesday 2 January 2018. During that time, if you need urgent help on something please email, and we will do our best to help. For company...

Budgeting for a Yoga Teacher

by | Nov 24, 2017 | Tax News

We all have different strengths and weaknesses.   Mostly – but not always – Yoga Teachers come to the job from other walks of life, and some will have a good grasp of finances, some less so. A question that comes up sometimes is budgeting and forecasting, as part of...

Autumn 2017 Budget

by | Nov 22, 2017 | Tax News

A very quick set of “first impressions” on todays budget speech, as always focused on a typical YogaTax client – so I’m not paying a lot of attention to the wider proposals on public expenditure, excise duty on tobacco/alcohol, and taxes like...

Class 2 NI abolition put back 12 months

by | Nov 3, 2017 | Tax News

The self employed pay both Class 2 and Class 4 NI.   Class 2 is a fixed weekly amount – sometimes called a stamp – Class 4 a variable amount related to profit. Its long been intended to abolish Class 2 NI, and the set date was April, 2018.  Yesterday, 2...

Claiming Clothes – HMRCs rules

by | Oct 19, 2017 | Tax News

Theres enough complexity in life, and you’d think that tax could be black and white – what you can claim or what you can’t claim.  Alas that simplicity doesn’t exist;  the area of allowable expenses is one of the key areas of uncertainty and...

Training and CPD – HMRCs guidance

by | Sep 18, 2017 | Tax News

There is often a grey area around claiming training costs and CPD. The rules are that “new skills” training can’t be claimed; CPD style training can be claimed. Alas there is often not a clear cut distinction and judgement is called for. Be prepared...
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

To review our full Privacy and Cookie Policy please click here.