Government Initiatives

Greenstones Accountants Peterborough - Employee

Guidance on Employee Travel

H M Revenue & Customs have updated their guidance on employees’ travel and subsistence in booklet 490. The publication provides numerous examples illustrating which journeys do and do not qualify as business journeys and are eligible for tax relief.

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Is my furnished letting furnished?

At first glance this may appear a somewhat silly question. However, when it comes to claiming a tax allowance which is based on a property being furnished, an understanding of how much furniture is required to satisfy the “furnished” test is important.

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