List of Professional Bodies Approved for Tax Relief
Find List of Professional Bodies Approved for Tax Relief HMRC has published the latest version of its list Approved professional organisations and learned societies. Fees or subscriptions [...]
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Budget 2018 Summary: Key Points At-a-glance
Philip Hammond has delivered his third Budget as chancellor. From a relief in personal tax measures to increase in the national living wage allowance and the budget to rejuvenate high streets [...]
The Winchester Case: An IR35 Lesson for HMRC if Friction is to be Avoided
There have been recent reports about a claim for more holiday pay raised by a contractor, Susan Winchester. This demand is a cause for further deep analysis. Ms. Winchester made the claim under [...]
Tribunal Judge Rejects HMRC’s Online CEST Tool: Everything You Should Know
A tribunal judge has rejected HMRC’s CEST results, where the employment of a Met Office contractor was wrongly classified falling under IR35. Here is everything you should know about this [...]
Buildings & Land Transaction Tax Wales
Beginning Apr-18, Land Transaction Tax (LTT) replaced the United Kingdom Stamp Duty Land Tax (SDLT) in Wales. In a similar manner like SDLT, Land Transaction Tax will have to be paid when an [...]
What is S455 Tax? Tax Rates & Changes on Outstanding Loans
Approval from Shareholder (usually by normal resolution) is obligatory for loans in addition of £10,000 (the maximum is £50,000 in case the loan amount is to meet expenses on company [...]
Carrier Bags in UK – Why There’s a Charge & How to Avoid?
Beginning 5-Oct-15, big shops/retailers in England began to charge five pence or 5p on every single plastic carrier bag the shopkeepers provided. The United Kingdom government aims to protect [...]
What is Bedroom Tax And Who Needs to Pay it?
What is Bedroom Tax? The United Kingdom government, in Apr-13, introduced a tax on additional bedrooms for individuals residing in housing association property. The Bedroom tax, introduced [...]
Apply for Small Business Bonus Scheme - Business Rates Calculator
Small Business Bonus Scheme: The Things that you need to know You can get business rates relief through the Small Business Bonus Scheme if: the combined rateable value of all your [...]
Taxes on Accommodation Units - Working Out The Lease Premium
Taxes on Accommodation Units If you are an employee and you stay at an accommodation that your employer has provided for you, you have to pay taxes on it. When it comes to taxation, there is [...]