‘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 [...]
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 [...]
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 [...]
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 [...]