| Use Gift Aid to save tax |
| HMRC have recently highlighted that charities are collectively missing out on some £600m extra funding because a third of donations made do not add Gift Aid when they could have done so.
Broadly, Gift Aid allows charities and community amateur Read More... |
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| Diesel car supplement increase takes effect |
| The rules for taxing petrol company cars apply equally to diesel cars, but the latter are then subject to further adjustment.
The taxable benefit arising on a car is, broadly, calculated using the car's full manufacturer's published UK list price, Read More... |
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| When are tips taxable? |
| The Summer season usually sees a rise in the number of casual staff taken on by restaurants and cafes. Whilst the tax and NIC implications of wages is generally straight-forward, confusion often arises regarding tips and gratuities as the necessary tax Read More... |
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| May questions and answers |
| Q. I own a rental property, which has a mortgage on it. The mortgage is currently on an interest-only basis. Given the new interest relief restrictions on landlords' finance costs, should I consider switching to a repayment mortgage? Read More... |
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| May key tax dates |
| 2 - Last day for car change notifications in the quarter to 5 April - Use P46 Car
19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/5/2018 Read More... |
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Copyright © 2024 J.S. Mackie & Co. All rights reserved.
8 Douglas Street
Hamilton
Lanarkshire
ML3 OBP
J.S. Mackie & Co is a trading name of J S Mackie & Co Ltd
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