The Social investment tax relief (SITR) scheme is a tax relief scheme to encourage individuals to support social enterprises and to assist social enterprises to access new sources of finance. The lifetime maximum amount that social enterprises can … Continue reading What Is Social Investment Tax Relief?
Are you thinking of investing in new plant or other equipment? Remember that the super-deduction offering 130% first-year tax relief is available to companies until March 2023. The super-deduction tax break was introduced on 1 April 2021 and … Continue reading Have You Heard About The 130% Tax Relief For Companies
Until recently, childcare vouchers were a very popular way for employers to help with childcare costs. Typically, employers supply vouchers to employees (usually under salary sacrifice arrangements) which the employees use to pay for their childcare … Continue reading Childcare Vouchers
If you’re an employee receiving less than £2,500 a year in business expenses, it may be worth finding out if you can claim more by completing a P87 tax form. The P87 allows you to claim tax relief if your employer hasn’t reimbursed you for your … Continue reading Using P87 to claim tax relief on expenses
The tax system in the UK offers tax reliefs and exemptions to employees (including company directors) and the self-employed for various costs etc. relating to their work. However, these tax deductions generally come with strings attached in the form … Continue reading Tax Relief for Business Travel