To look after the interest of employees who had an insolvent employer, the UK came up with the Financial Assistance Scheme (FAS). It meant the state would bear the significant losses to [...]
It is not compulsory to take Office for National Statistics (ONS) survey however some households are selected at random by ONS and that household cannot be replaced by any other household as they are [...]
In what will be touted in the future as a landmark judgement in determining the rights of self employed contractors, the Supreme Court concurred with the findings of a tribunal that accorded worker [...]
Overview Tax avoidance encompasses moulding the tax system rules to attain tax advantage. It involves a lot of artificial transactions that usually have no other purpose other than taking advantage [...]
Overview The least pay, for every hour, most employees in the United Kingdom are eligible to get by law is referred to as National Minimum Wage (NMW). The rate of National Minimum Wage is dependent [...]
Introduction The United Kingdom banking sector is the 4th biggest in the world encompassing ~300 banks, and ~9,000 bank branches offering financial and related services to the [...]
The Requirement to Correct (RTC) legislation requires those people with undisclosed overseas earnings to declare their tax liabilities to HMRC by the end date of 30th September 2018. This includes [...]
If you are trying to retain employees or earn their goodwill by giving them incentives than you are not alone as giving gifts to employees is being increasingly employed by all corporates. But then [...]
What is a Patent Box? Patent Box is a valuable and largely appreciated initiative by the UK Government to provide extra incentives for the companies in the UK to preserve and commercialise the [...]
Apprenticeship Levy What is Apprenticeship Levy? In the UK the employers are charged with the Apprenticeship Levy to fund new apprenticeships. The levy that is charged is only at the rate of [...]