TaxAngles- NOV 2021 Edition
TaxAngles- NOV 2021 Edition
TaxAngles- NOV 2021 Edition
Child Benefit and High Income Child Benefit Charge
If you are responsible for a child under 16, you can claim child benefit, but be aware of the High Income Child Benefit Charge if your income exceeds £50,000. It's essential to understand who is liable to pay the tax and how to opt out of receiving child benefit to avoid the charge.
(Page 2)
Electric Charging Points and Tax Liability
Learn about the tax implications of electric charging points, including exemptions for workplace charging and private vehicles. Understand the conditions for tax exemptions and the availability of capital allowances for electric charge-point equipment.
(Page 3)
New Reduced Rate of VAT for Hospitality and Leisure
Discover the changes in VAT rates for the hospitality and leisure industry, with a reduced rate of 12.5% in effect from October 2021 to March 2022. Understand which supplies are eligible for this reduced rate and how it impacts businesses in the industry.
(Page 4)
