Taxes

Help with Childcare cost - ICOTAX

Childcare cost and help

Childcare vouchers have been a useful and well utilised tool for employers to support employees with their childcare costs. You can get help paying for childcare if it’s provided by a: registered childminder, playscheme, nursery or club childminder with an Ofsted-registered childminding agency registered school home careworker working for a registered home care agency This …

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Marriage Allowances - ICOTAX

Marriage Allowance

Marriage Allowance lets you transfer £1,250 of your Personal Allowance to your husband, wife or civil partner – if they earn more than you. This reduces their tax by up to £250 in the tax year (6 April to 5 April the next year). To benefit as a couple, you must normally have an income …

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Making Tax Digital - ICOTAX

Making Tax Digital (MTD)

The UK VAT system replaces manual processes with digital ones. HMRC’s new policies are designed to save time, reduce errors and cut the risk of penalties – so it’s good news for business in the long run.  Who’s affected?  It depends on the size and type of business operation. HMRC is doing a gradual roll …

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