Whenever payments on account are required for any tax year they are payable without demand: The first on or before 31 January of that tax year The second on or before 31 July next following that tax year
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A company is treated as small (or medium-sized) if it does not exceed more than one of the following criteria: Small Medium-sized Turnover £6.5 million £25.9 million Balance sheet total £3.26 million £12.9 million Average number of employees (on a monthly basis) 50 250
Allowable expenses you can claim tax relief against when using your own home for businesses purposes. Fixed costs Some costs relate to the whole house and have to be paid even if there is no business use. These include costs such as, Council Tax, mortgage interest, insurance, water rates, general repairs and rent. If part […]
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