Taxation

This category contains 40 posts

“I do do do” to Marriage Allowance

If you are married or in a civil partnership, you and your partner may be eligible for the tax-free break known as marriage allowance, and if your claim is backdated, you may take home a lump sum of up to £900. This tax year (2018/2019), the allowance allows the transfer of £1,190 from a low-earner’s … Continue reading

Why you should claim Child Benefit

The most obvious reason for most is the money. However, for those with an income in the £50K+ bracket, due to the introduction of the High Income Child Benefit Charge (HICBC), individuals may decide not to bother claiming. Try not to make this mistake. Whether or not you want or are entitled to the money, … Continue reading

Gift Wisely

Know The Gift Tax Rules. Be wise. If, as the boss, you pop into Waitrose and buy five £25 bottles of rum to give to each of your employees, be sure of the reasons (for tax purposes). If you take them into the office and say “Ladies and Gents – we’re hitting targets so here’s … Continue reading

Follow PHOENIX DEBOLA on WordPress.com

Enter your email address to receive notifications of new posts by email.

Join 803 other followers

0044 780 370 4496
0044 207 059 2442

Phoenix Debola is licensed and regulated by AAT to provide services in accordance with licence number 1000701 details of which are displayed at the address shown. AAT is recognised by HM Treasury to supervise compliance with the Money Laundering Regulations and Phoenix Debola Cloud Accountancy Practice is supervised by AAT in this respect.