Recent Government introduction of Tax Free Childcare has led to parents assessing their current arrangements. There is still a lot of confusion regarding which option may be best suited to individual circumstances.
Research and Development (R&D) tax relief and credits give a tax advantage to both small and medium sized enterprises (SME’s) and large companies undertaking qualifying activities, namely advancements in science or technology.
For many of us, spending a considerable amount of time in front of computer screens is part of our daily routine.When you use a Visual Display Unit (VDU) required by your role, the company (employer) can provide eye tests, contact lenses or glasses tax and NIC free subject to certain conditions and in line with Health and Safety regulations.
It isn't so commonly known that employees are able to claim tax relief on work related expenses. These are expenses that are incurred for work purposes and are not reimbursed by the employer. To get tax relief on these expenses a claim must be submitted to HMRC. This can be done using form P87.