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Questions And Answers

Read our expert answers to your questions

Business person at work

How much corporation tax should I pay?

I run my business through a limited company and make around £80,000 profit per year. I’ve heard corporation tax rates are increasing and would like to know what rate of tax I will pay moving forwards.

2 min read

Last updated 10 Apr 2024 | First published 28 Nov 2022

Debit card reader on top of some pound notes

Should I use the cash basis for my accounts?

1 min read

Last updated 9 Apr 2024
First published 5 Apr 2024

A woman baker holding a tablet behind a counter

What are the changes to company size classifications?

1 min read

First published 27 Mar 2024

Blonde woman refuelling her car at a petrol pump

New advisory fuel rates

1 min read

Last updated 29 Feb 2024
First published 7 Jan 2020

Man plugging in a charger into an electric car

Can electric cars be used in a salary sacrifice scheme?

1 min read

First published 14 Feb 2024

Business woman looking at a laptop in a warehouse full of boxes

What is the Confirmation Statement?

2 min read

Last updated 2 Feb 2024
First published 1 Jul 2016

Man on a laptop pushes away a pile of ring binder files to his right

How long do I need to keep my tax records?

2 min read

Last updated 22 Jan 2024
First published 22 Jan 2024

Child with piggy bank and abacus

How do I claim child benefit?

2 min read

Last updated 8 Jan 2024
First published 8 Jan 2024

Woman photographing a jumper with her mobile phone

Do I need to file a tax return if I sell my clothes online?

2 min read

Last updated 4 Jan 2024
First published 4 Jan 2024

man looking at a file and laptop

When is my company accounts filing deadline?

1 min read

Last updated 18 Dec 2023
First published 18 Dec 2023

working from home with cats

Can I claim for working from home tax relief?

1 min read

Last updated 13 Dec 2023
First published 25 Jan 2023

Someone putting coins into a piggy bank

Is my bank interest income taxable?

1 min read

Last updated 15 Nov 2023
First published 15 Nov 2023

Woman thinking while looking at a letter and calculator

Can I pay my underpaid income tax through my PAYE code?

2 min read

Last updated 9 Nov 2023
First published 9 Nov 2023

House and percent sign model made of wood

Can I claim mortgage interest as a deduction on my rental property accounts?

1 min read

Last updated 8 Nov 2023
First published 8 Nov 2023

Woman being injected by a nurse

Are flu vaccines for my staff tax free?

1 min read

First published 26 Sep 2023

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