Taxation

The Employment Allowance Debate

The Employment Allowance Debate

The employment allowance has been a valuable saving for many small employers, allowing them in the last tax year up to £2,000 in savings on their National Insurance contributions.  From the start of the new tax year this allowance was increased to £3,000. However, the legislation relating to the allowance is confusing and new rules […]

Get On Yer Bike

Get On Yer Bike

Most employees know that they are entitled to a mileage allowance when travelling in their own car on behalf of their employer. This has been set at 45p per mile since 2011 (when it rose from the old rate of 40p) for the first 10,000 miles and at 25p per mile thereafter.  This rate is […]

Personal Allowances

Personal Allowances

Most people resident in the United Kingdom, and some who are not, are entitled to earn a certain amount of income each year without paying income tax.  This amount is referred to as the ‘personal allowance’ and changes each year.  For the tax year 2014/2015, for example, the personal allowance was £10,000. Therefore an individual […]

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