Tax Advice | AMS Accountancy

Can HMRC collect unpaid tax from my salary?

7 May 2025 | Tax

HMRC can collect outstanding tax via an employed tax code after a Self-Employed business fails.

What is Gift Aid?

6 May 2025 | Tax

Tax relief: Gift Aid is a way you can increase the value of a charitable donation – at no extra cost to you. If you pay tax in the UK, a charity can reclaim 25% of your donation from tax you have paid. You should be aware that if you have not paid enough tax to...

Can I claim a tax refund if I set a loss from self employment against my employment income?

17 Apr 2025 | Tax

This article explains how to set a trading loss against employed income.

What is Salary Sacrifice and why do people do it?

18 Mar 2025 | Tax

‘Salary Sacrifice’ is a mechanism where a formal agreement is made jointly by an employer and employee, to reduce an employee’s salary in return for some other benefit. The point of this arrangement is generally to save National Insurance – and this saving can then...

Can I give shares in my Company to my children?

13 Feb 2025 | Tax

If your child is under 18, then your dividends would still need to be shown on your tax return (a law called s.660b). Also, any transfers of shares to a connected person – apart from a spouse – would mean that the shares must be valued at market value and Capital...

The tax timetable for electric cars

4 Jan 2025 | Tax

Because of quite large tax advantages compared to diesel and petrol cars, a lot more electric cars are being bought by companies for their director/shareholders. One advantage, in particular, is the low benefit-in-kind tax charge that applies to electric cars. For...