Some National Insurance payments are voluntary

Generally speaking, you get a bigger state pension for each year in which you pay National Insurance contributions. But sometimes, taxpayers don’t have enough income to be charged National Insurance – so risk having a smaller state pension. If you are...

The tax timetable for electric cars

Electric cars were not Tax efficient but they will be! For a couple of years I have been saying that electric cars for Company owners are tax efficient with 100% write-off against profits in the year of purchase, and low benefits-in-kind on the director/employee....

How do I register for CIS (the Construction Industry Scheme)?

How to register for CIS The Construction Industry Scheme is a scheme that applies to payments to self-employed workers and businesses in the Construction Industry.  Under the scheme tax is deducted from payments and paid over to HMRC. There are two sorts of people...

What to consider when buying a commercial property.

Stamp duty There are 3 rates of Stamp Duty Land Tax on the purchase price of a commercial property: 0% up to £150,000; 2% on the next £100,000; 5% over £250,000. VAT With commercial properties, the landlord normally applies to HMRC to ‘opt to tax’ –...