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 [...]
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 [...]
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 [...]
‘Simplified expenses’ are a method of calculating few of your business expenses using flat rates instead of working out your actual business cost. With the help of simplified expenses, you [...]
Previously filed VAT returns or while filing your VAT returns of the current period, you may find some common errors, adjustments are being made to correct those errors and sometimes you claim [...]
What is VAT Retail Scheme? VAT retail schemes are the schemes designed for businesses to calculate the VAT dues by various methods. By using a VAT retail scheme, you can calculate the value of [...]
When you can Appoint a Nominee Shareholder? As per the definition, Nominee shareholders are appointed as beneficiaries for certain shares in a company. If you are registering a private company [...]
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 [...]
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 [...]
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 [...]