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 [...]
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How Self-Employed Can Save Time Using ‘Simplified Expenses’?
‘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 [...]
How to Correct Errors & Make Adjustments or Claims on Your VAT Return
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? – Choosing Right Scheme for Your Business
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 [...]
Is it Legal to Appoint a Nominee Shareholder?
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 [...]
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 [...]
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 [...]