What is the settlement legislation?

What is the settlement legislation?

Thinking of gifting income to a spouse or partner? HMRC’s settlements rules may still tax it as your own. The settlements legislation is contained in s.624 ITTOIA 2005. The legislation seeks to ensure that where a settlor has retained an interest in property in...
Using your own car for work purposes

Using your own car for work purposes

Using your own car or bike for work travel? You may be able to claim tax relief for business mileage. If you are employed and spend your own money on items needed for your job, you may be eligible to claim tax relief on those expenses. However, you can usually...
Tax Diary October/November 2025

Tax Diary October/November 2025

1 October 2025 – Due date for Corporation Tax due for the year ended 31 December 2024. 19 October 2025 – PAYE and NIC deductions due for month ended 5 October 2025. (If you pay your tax electronically the due date is 22 October 2025.) 19 October 2025...