Can You Backdate Pension Contributions?
Yes, you can backdate pension contributions under certain conditions. This process, known as ‘carry forward’, allows you to use any unused annual pension allowances from the previous three tax years. To be eligible, you need to have been a member of a pension scheme during the years you wish to carry forward from. However, the…
Is There VAT on Road Tax?
VAT is the consumption tax that the government charges on most goods and services, which includes cars and other motor vehicles that use the UK roads. However, there can be some confusion on whether road tax has VAT applied or if it’s exempt. Here’s the simple answer to whether UK road tax has VAT: No,…
Is There VAT on Toilet Rolls?
Given that toilet rolls are a necessity in every household and business property, they certainly can’t be classed as a luxury item. But the topic of how toilet paper has VAT applied recently came up in a discussion on the radio, so I thought I’d give you the definitive answer. There is VAT on toilet…
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