Banks and building societies are required by law to deduct income tax at 20% from interest before they pay it to you. This does not include your ISA (Individual Savings Account) as you don’t pay tax on interest earned from an ISA. It is tax free. Interest received...
When running a business from home you can claim part of your household expenses as a business expense. You are allowed to deduct the part of your expenses that wholly, exclusively and necessarily relates to costs incurred to run your business from home. If you have...
When do I need to do a self assessment tax return (personal tax return)? The most common cases when you need to submit a personal tax return are: Â You were a director of a limited company during a personal tax year. Â If you are a member of a partnership. A minister of...
