Want to make extra money in your spare time? Thanks to apps and the Internet there are new initiatives popping up all the time. Here’s a round up of 5 easy ways to make extra money on the side. Do you need to pay tax on your Air BnB income? UK Personal Tax Allowance Become […]
For the current tax year, 6 April 2017 to 5 April 2018, the standard personal allowance is £11,500, which is completely tax-free. Anything you earn over that will be taxable. How much income tax you would have to pay? The amount will depend on which income band you fall on whether or not looking for […]
With the promise to raise personal allowance again, more people will be removed from a group paying the bulk of the British income tax, and increase the overall income tax burden of the wealthiest in the country. Prime Minister Theresa May was preparing to raise personal allowance from the current £11,500. By 2020-21, the amount […]
With the summer holiday season kicking off you may be hoping to make a bit of extra cash whilst you’re away by renting out your room or home on Air BnB… but do you need to pay tax on your Air BnB income? We discuss the ins and outs of boosting your income with the […]