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The Blind Person’s Allowance is an additional amount of personal allowance given to those who qualify to claim it. The additional allowance means anyone who is eligible to earn more before paying tax. Blind Person’s Allowance 2019/2020 The allowance changes every tax year. The current allowance is: The current personal allowance rates are: That means … Read more
The HMRC Marriage Allowance is a tax perk that allows one partner to transfer up to 10% of their unused personal allowance to another meaning that person can benefit from some additional tax free earnings. This can be useful if you are newly self employed or in the early stages of starting a business and your earnings are low.
When you are self employed you are responsible for buying all the tools and equipment you need to run your business. If you have or are about to invest in expensive equipment, then understanding how you claim for tax relief can help you make clever decisions on how and when you make your claim for … Read more
Capital allowances are rates set by HMRC that self-employed business owners must use to claim tax relief on fixed assets. So if you have purchased an asset for your business, then this is how you can claim tax relief on your self-assessment tax return form. What is a Fixed Asset A fixed asset is something you … Read more