UK Pilot trying to reduce tax bill
Hi all
Looking for a little help.
I'm a UK based airline pilot in a self employed capacity.
I'm interested in trying to do what I can (legally) to reduce my tax payments. I'm looking for factual information and links to useful websites, not rumours or stories.
Areas I want to explore. Can I get tax relief on Duty Pay and how do I declare this. Is there an amount agreed which is free from tax? My former airline paid duty at £2.28 ph tax free. There is clearly a mechanism here for doing something similar but unsure how.
What is tax deductable? Fuel, laundry, food, sunglasses, shoes.....?
I still have a significant training loan to repay. Can my contributions to this receive any Tax relief. My previous employer had arrangements where I received training loan repayments tax free. This would be a MASSIVE benefit to my finances if I could do something similar.
Anything else anyone can think of that would make a difference?
All your help is greatly appreciated.
Cheers.