FAQs - FedEx Duty and Tax Invoice UK
Why do I have to pay Duty and Tax? Sometimes people do not expect to receive a Duty and Tax invoice and as such do not understand as to why they have been slapped with one. In order to clear [...]
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Nominee Secretary Services for a UK Limited Company - Advantages
Who is a Nominee Secretary? A nominee secretary is an individual/company who/which will be named as the secretary of a company. Private Limited businesses are not required to have a Company [...]
Want to Claim Your Christmas Party as Business Expense?
December is here! So it is the time for office parties. Christmas parties are an amazing way of rewarding your employees for a year of hard work. Also, we all know that these types of parties give [...]
Corporation Tax When You Sell Business Assets
A limited company in the United Kingdom is liable to pay Corporation Tax on earnings/gains made on disposing or selling business assets. Assets can either be tangible or intangible and might include [...]
HMRC Certificate of Residence UK – Form RES 1
What is a Certificate of Residence? In case an individual is the Director of a company in the United Kingdom and he/she is positioned in an overseas country which has a double taxation treaty [...]
Food Business Registration UK – What You Should Know
Registering a food business Businesses, in the UK, are required to get in touch with the local Council for registration of any ‘food operations’ business. The term ‘food operations’ [...]
National Concessionary Fuel Scheme – How to Claim?
Citizens, in the United Kingdom, are eligible to receive cash allowance for fuel or get free solid fuel if he/she was an ex-employee of the British Coal Corporation (BCC) or National Coal Board [...]
When does HMRC Investigate Self-employed & How to Avoid It?
You are responsible for submitting your tax return to HMRC once a year, containing details of all your income including the profits of your self-employed business or a one man business. HMRC have [...]
Why Appoint a Nominee Shareholder? Are There Any Risks of Using Nominee Shareholder?
What is a Nominee Shareholder? A nominee shareholder is a shareholder only in name. The nominee shareholder does not really own anything and is only a shareholder on the face of it. The UK [...]
Can I Pay Corporation Tax in Instalments?
If profits of a company, in the United Kingdom, for an accounting time-period are at a yearly rate of greater than £1.5mn, then the business must typically pay Corporation Tax by electronic means in [...]