Watson Knipe Blog

For NHS consultants it is important to know what you can claim tax relief on. HMRC states you can only claim on things that are used for work and it is possible to claim tax relief if you have had to use your own money for job-related matters.

If you run your own business, are a company director or a high net worth individual you will need to complete a self-assessment tax return each year. This can always be a stressful time, especially if you haven’t kept all your financial records in order.

As you probably already know you can get tax relief on your pension.  The amount of tax relief can vary depending on your level of earning.  Plus there are annual and lifetime limits to how much tax relief you can get on pension contributions.

Prior to its April update, the government viewed the taxation of dividends as a complex process that was in dire need of change. Many people were choosing to work via their own limited companies to save tax due to the high rate of corporation tax that was present at the time.