Tax Advice

Tax-Free Childcare Tax-Free Childcare is a government scheme available to working parents, including the self-employed, with children aged 0 to 11. Eligible parents can get up to £2,000 per child per year towards qualifying childcare. Parents can use it on a wide range of registered childcare, including: childminders nurseries breakfast clubs, after school clubs and…

With global warming and targets for reducing pollution the government is to encourage more people to use low CO2 emission or zero emission vehicles and there are a number of tax measures that incentivise that behaviour. However, those tax measures are not all perfectly aligned, as different emissions thresholds and cut-off dates apply for capital…

Another reminder to you all that there is now tax on dividend! This has been the case since 6 April 2016. The tax-free dividend allowance is £2,000 from the 2018/19 tax year and beyond. What I have done is gone through some examples below of how much dividend you can take while remaining in the…

The planned abolition of the childcare vouchers scheme for new claimants has been deferred for 6 months. It was announced in George Osborne’s last Budget two years ago that the Childcare Vouchers scheme would be replaced with Tax-Free Childcare. The two have similar goals, but radically different structures which have created winners and losers. The…

As most of you will probably know the dividend tax rates are going up from 6 April 2016.  The dividend tax credit of 10% and the dividend tax rate of 10% are being removed and a new £5,000 tax free dividend allowance introduced and a new basic rate tax on dividend of 7.5%. We go…

  If you have children who are at Nursery then you may want to consider taking childcare vouchers from your limited company.  You can take tax free up to £243 per month in childcare vouchers which will help towards the cost of your childcare. In order to take advantage of this you must sign up…