HMRC Self Assessment helpline 0300 200 3310.
HMRC Corporation Tax helpline: 0300 200 3410
Companies House general enquiries: 0303 1234 500
1. A common issue often forgotten is the transfer of unused marriage allowance e.g. Jim, the client, earns from his business £18,000 per annum, so his Personal Allowance is utilised. However, his wife works part time, for £6,000 per annum. She can earn £12,500 per annum tax free, therefore has unused allowances of £6,500. She can transfer £1,250 of the £6,500 to her husband. 2. For directors, with a large director loan credit, why not charge your company interest (a tax deductible expense). The interest for a SR director is tax free if under £1000 e.g. Jim has a director loan outstanding of £15,000. He charges his company 6% interest i.e. £900. This will be tax free income.
Accord Accountants 15/4/2020
TAX FREE MILEAGE ALLOWANCE
CAPITAL GAINS TAX