by Pi Accountancy | Apr 3, 2023 | Self-Assessment, Taxes
Higher Earners Tax Rate The highest rate of tax will be paid by more people after the threshold is reduced, following the Chancellor’s Budget announcements. The Chancellor has changed the level at which the 45% additional rate of tax applies from, lowering it...
by Pi Accountancy | Apr 3, 2023 | Self-Assessment, Taxes
Childcare Benefit Changes – The Good and the Bad Following the Chancellor’s Budget announcements, there will be some changes to childcare benefit and depending on your personal circumstance, this could be a blessing or a curse. Parents will get up to 30...
by Pi Accountancy | Apr 3, 2023 | Pension, Property Landlords, Self-Assessment, Taxes
A Significant Overhaul for Pensions and Retirement Saving Following the Chancellor’s Budget announcements, pensions got a significant overhaul to make retirement saving more appealing. This comes with an increase in the amount you can put into your pension each...
by Pi Accountancy | Mar 10, 2023 | HMRC, Self-Assessment, VAT
It’s important to know the relevant dates and deadlines to look out for when you’re filing your VAT returns; especially if you’ve just become VAT registered. What are my VAT quarters? Each VAT period is 3 months long, making up the 4 quarters of the...
by Pi Accountancy | Apr 1, 2022 | Director, Self-Assessment, Taxes
Married Couple’s Allowance can be transferred between spouses and civil partners, and while 2m couples have claimed this since it was introduced back in 2015, there are many more people who are entitled to claim it. Go back four years The allowance, which is worth up...
by Pi Accountancy | Mar 14, 2022 | HMRC, Self-Assessment, Taxes
You can earn up to £7,500 per year tax-free from letting out furnished accommodation in your home, via the Rent a Room scheme Although the name suggests renting a single room, you can actually rent out as much of your home as you’d like. If you share the income with...
