January is here and with that the same question we get asked every year from business owners: “Can I put my gym membership through the company?” A quick Google search will give you completely different answers — some saying it’s not allowed at all, others claiming it can be a tax-deductible job perk. Let’s have
Tag Archives: tax planning UK
Changes to Tax Rates & Thresholds, Tax Planning & Saving Tips
Understanding Top Slicing Relief: Why It Doesn’t Always Save You Tax
When you cash in a life insurance bond or certain investment policies, you might face something called a “chargeable event gain.” This is the profit built up inside the policy, which HMRC treats as income in the year you cash it in. The problem? The whole gain is added to your income for that year,