If you reimburse your employees mobile phone expenses you could be providing them with a taxable benefit which could be subject to tax and NI.

If you find it difficult to pay your tax bill due in January and July each year you can choose to make regular payments throughout the year instead.

IPT is an abbreviation for Insurance Premium Tax and is charged by insurers in addition to your insurance policy. The rate charged can be 12% or 20% depending on the type of insurance you are buying.

HMRC announced on Friday that it will not charge the 5 per cent late payment penalty on self assessment tax which is not paid by 3rd March.

If you are an employee working from home on a regular basis you may be eligible to receive or claim for a tax free payment to cover your home working costs. If you have had to work at home due to