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’ [...]
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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 [...]
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 [...]