Howlader & Co Blog

This blog is an update of the article written on 2023/24 where we consider the process for choosing an optimal director salary.

Are you considering working remotely abroad but are unsure of what the tax implications may be?

If you are travelling abroad this summer, it’s good to bear in mind the amount of goods that you can bring back to the UK without having to pay UK tax. When travelling to EU Countries: If you are coming back from an EU country, you can bring back an unlimited amount of most goods […]

Rent a Room Relief is an optional scheme that allows you to earn up to £7,500 a year tax-free when you let out furnished accommodation to a lodger in your main home.

When providing services to your client, occasionally you might need to pay for items on their behalf. How do you then treat the VAT on the expenses that you recharge to the customer? There is one simple rule that you need to keep in mind: all recharged expenses carry VAT, unless the item is a […]

A new tax-free childcare scheme has been introduced this year allowing around 2 million households to reduce the cost of childcare, including self-employed parents. How does the new scheme work? Parents with children under 12 years old can open an online account and pay in the amounts they would like for childcare provided by a […]

Enterprise Management Incentives (EMIs) are an approved tax-advantaged employee share scheme allowing employers to grant share options to employees, most of the time as a reward for their efforts. It is designed for small companies and is not to be confused with the Enterprise Investment Scheme (EIS), where investors receive tax relief on their investment […]

Is your foreign income taxable in the UK? Whether or not you should declare and pay UK tax on your income earned abroad depends not only on which country you have ‘residence’ status in but also on your ‘domicile’ status. If you are unsure of your UK residence status – that is, whether you are […]

Christmas is just days away and one of the traditions of the season is the company Christmas Party. Whether you choose lunch, dinner or a visit to Winter Wonderland, you might be wondering if you can claim back any of those expenses against your Corporation Tax bill. Well, we have good news for you! HMRC […]

The most significant impact on anyone’s tax is arguably their residence status. Concluding on whether a person is UK resident for tax purposes is not easy. It’s really difficult, in fact. To make life a little easier, we have summarised below the key points of the residency test: View a higher-resolution version of the infographic here. If […]