The Daily Beacon

Topics: Lifestyle

lifestyle

Is there VAT on art supplies?

​The standard rate of VAT on most goods and services in the UK is 20%. This is mandatory for all businesses selling art who are above the VAT threshold i....

Apr 02, 2026 2 Views
lifestyle

What does a mileage claim cover?

The mileage rate covers the costs of running and maintaining the vehicle, such as fuel, oil, servicing, repairs, insurance, vehicle excise duty and MOT. T...

Apr 02, 2026 2 Views
lifestyle

Do you pay tax on options trading UK?

It’s a capital gain, unless your trading is qualified as a ‘business’, in which case you’d pay income tax (you’d also be able to deduct trading related ex...

Apr 02, 2026 2 Views
lifestyle

When would an employee be paid SMP?

SMP usually starts when you take your maternity leave. It starts automatically if you’re off work for a pregnancy-related illness in the 4 weeks before th...

Apr 01, 2026 2 Views
lifestyle

How long do HMRC keep PAYE records?

3 years Your records must show you’ve reported accurately, and you need to keep them for 3 years from the end of the tax year they relate to. HMRC may che...

Apr 01, 2026 2 Views
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