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Questions And Answers

Read our expert answers to your questions

A man sat on a sofa holding a dog and surrounded by boxes

What are the tax implications of renting out a room?

My wife and I have decided to rent out a spare room in our house to give us a higher income. I understand that if I receive a rent less than £7,500, I will pay no tax. Is this correct?

1 min read

Last updated 3 Jan 2025 | First published 5 Dec 2012

A woman sat on a sofa holding a box

What is the Rent A Room Scheme?

 1 min read

Last updated 3 Jan 2025
First published 5 Dec 2012

Woman sat at a table with a laptop, sheets of paper and mobile phone

Can I spread the cost of my tax bill?

 1 min read

Last updated 13 Dec 2024
First published 13 Dec 2024

Woman in a Santa hat sat at her desk looking up smiling

Can I pay my employees early at Christmas?

 1 min read

Last updated 10 Dec 2024
First published 10 Dec 2024

A worried businesswoman deep in thought in front of shelves of boxes

My company is being struck off, what should I do?

 2 min read

First published 9 Dec 2024

Businessman in a green shirt folding his arms across his chest

How much is company tax?

 1 min read

First published 6 Dec 2024

A middle aged couple with the woman draping her arms around a man's neck.

What is the Marriage Allowance?

 1 min read

Last updated 18 Nov 2024
First published 2 Mar 2018

Man in a blue short smiling at the camera while sat at a table

I am completing my first self-assessment tax return - where do I start?

 1 min read

Last updated 21 Oct 2024
First published 21 Oct 2024

Middle aged woman looking at a tablet computer

How do I maximise my National Insurance record and increase my state pension?

 1 min read

First published 21 Oct 2024

Dressmaker smiling while leaning on his work bench

What can high earners do to save tax?

 3 min read

First published 8 Oct 2024

Social media influencer wearing pink smiling into a mobile phone camera

Are payments in kind taxable?

 1 min read

Last updated 30 Aug 2024
First published 30 Aug 2024

Office staff celebrating a birthday

Should I get a PAYE settlement agreement?

 1 min read

First published 21 Aug 2024

A woman opening a letter in her kitchen.

What is a simple assessment tax bill?

 1 min read

Last updated 9 Aug 2024
First published 9 Aug 2024

Two musicians playing an intimate concert

What expenses can performers claim?

 1 min read

Last updated 2 Aug 2024
First published 2 Aug 2024

Waiter serving food to a group of women

What is the Tipping Act

 2 min read

First published 2 Aug 2024

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