Tax and accounting rules are not identical and it is sometimes necessary to adjust the accounting profit to arrive at the profit for tax purposes. One area where the rules differ is in the write-off of capital expenditure. For accounting purposes, depreciation is charged to the accounts so as to write off the asset over […]
The marriage allowance is not a separate allowance as such โ rather, it is a transfer of part of one spouse or civil partnerโs personal allowance to their spouse or civil partner. It should not be confused with the married coupleโs allowance which is available where at least one spouse or civil partner was born
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Although the deadline for submitting your 2022/23 tax return online is midnight on 31 January 2024, if you owe tax and you want to have it collected through PAYE via an adjustment to your tax code, you will need to file your tax return by the earlier date of 30 December 2023. If the option
