Nyman Libson Paul

Class 4 National Insurance Contributions (NIC) and carried forward losses

Where a self-employed person incurs a loss which is relieved for tax in the current or preceding year against total income, that relief is invariably therefore against income other than from self-employment.

Medical check-ups

Expenses paid by an employer for periodic medical check-ups for employees or for members of their families are not treated as a taxable benefit-in-kind. Similalrly, no benefit arises for the cost of an eyesight test where the employee is required to use a VDU as part of his/her duties.

Passing income to children

Where income in excess of £100 per tax year is passed by a parent to a minor child, that income is treated as remaining taxable on the parent.