Nigel Holland ” Children are liable to pay tax on savings. They have the same income tax allowance as adults. But they are able to earn £18,500 tax free in 2020/21.In almost all cases this is irrelevant because children generally do not earn money.”Nigel...
Nigel Holland ” There is a benefits in kind tax on the use of company cars. A PIID form needs to be submitted to HMRC.One tip is to get a car which has low CO2 emmissions.”Nigel Holland You’ll pay tax if you or your family use a company car privately,...
Nigel Holland ” Inflation has fallen even further to 0.5%. When you think about it 0.5% is incredibly low. I remember the Thatcher years when it was 14% in 1979, this was after periods of 20% plus in the late 1970s.Today’s rate is very low by comparison....
Nigel Holland ” These are very serious times. The ONS figures show that a lot of people have lost their jobs. This does not include the 9.1 million people who have been furloughed. There is a good chance that some of the furloughed people have also lost their...
Nigel Holland “The guidance from the Government is quite involved and needs to be studied carefully. It is easy for business people to fall foul of the rules which are changing constantly.”Nigel Holland Guidance to help employers, employees and the...
