For 2020/21, it was possible to enjoy an electric company car as a tax-free benefit. While this will no longer be the case for 2021/22, electric and low emission cars remain a tax-efficient benefit. How are electric cars taxed? Under the company car tax rules, a taxable benefit arises in respect of the private use […]

Lockdown restrictions have forced many businesses to close temporarily. Selling online goods or clothes on sites such as eBay and Depop offers the opportunity to raise some much needed cash in these difficult times. What are the associated tax implications and do you need to tell HMRC about it? Badges of trade There is a

  Self-Employment And Dividend Allowance – £2,000 Self-Employment And Dividend Allowance –  all taxpayers, regardless of the rate at which they pay tax, are entitled to a tax-free allowance for dividends. For 2020/21 this is set at £2,000, so if you’re thinking of branching out to be self-employed or have made the switch last year,