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....
