HMRC clarifies tax treatment of sole traders training costs
[ad_1] Tax relief may be claimed for training costs incurred to keep pace with advances in technology and practice in the person’s trade. HMRC has updated its guidance to provide greater clarity on the tax treatment of training costs incurred by the self-employed. The self-employed may deduct training costs in calculating their trading profit or […]
Are funeral costs getting cheaper?
[ad_1] Average funeral costs decreased by around £100 last year compared with 2021, according to SunLife’s annual cost of dying report. However, with rising professional fees, such as probate, and higher send-off costs, which include venue hire and catering, the overall cost of dying has increased to more than £9,000. With households feeling the pinch […]
HMRC relief statistics: costs in line with tax receipts
[ad_1] The annual release of tax relief statistics, published on 12 January 2023, shows a significant rise in the cost of some reliefs. However, overall, the percentage increase in cost between 2020/21 and 2021/22 was less than the increase in tax receipts over the same period. The report shows that the total cost of non-structural […]
17 ways to save money on your household bills and living costs in 2023
[ad_1] Life is getting more expensive for all of us at the minute, and rising living costs are a concern for households across the country. The cost of living has surged at its fastest pace in almost 40 years, with inflation – the rate at which prices are rising – hitting 10.7% in November. With […]