Landfill Tax Rates 2019
What is Landfill Tax? Landfill tax applies to all kinds of waste. Excise notice LFT1 A explains what is considered as a waste. Landfill tax is collected by the government on every tonne of waste [...]
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Do You Pay Tax on Personal Injury Compensation?
Do you pay tax on Personal Injury Compensation? As a general rule, personal injury compensation is not taxable. Despite whatever the situation may be, you will not be required to pay any kind of [...]
Are Payments Made For Legal Settlements Taxable?
What is a Legal Settlement? In terms of the law, a legal settlement is an act of settling or adjusting a dispute between individuals or groups of individuals without pursuing the matter [...]
VAT Accounting on Dealer Deposit Contributions (DDC) in Motor Retail Trade
HMRC in its latest policy has recognised that motor dealers, finance companies and customers have adopted different VAT accounting systems (mostly applying Regulation 38ZA) when they are making [...]
House of Fraser's Employees to Lose Pension? How to Save Your Pension Scheme?
After operating for more than a century in the British department store the House of Frasers entered into administration on 10th August. The store's last hope of securing funds went in vain when [...]
Download D4 Form | DVLA's Medical Exam
D4 Form Download D4 form is to be submitted by the HGV (heavy goods vehicle) drivers to the DVLA after they have undergone a medical exam. This form is to be submitted along with the [...]
Change Accounting Reference Date (ARD) - Procedure
What is"Accounting Reference Date"? For a layman, the term accounting reference date means the end of a financial year for a limited or a limited liability company. In short form referred to [...]
Split Year Treatment Under Statutory Residence Test
What is Split Year Treatment? As per the Statutory Residence Test (SRT), if an individual becomes a United Kingdom citizen between a tax year, the preliminary proposition is that the [...]
How to Open A Business Bank Accounts with No Credit Checks?
In the UK, banks usually reject the request of business owners and directors of companies who apply for a business bank account with poor credit history. Whatever the company type be even if it [...]
How to Open a Student Bank Account in the UK?
How to Open a Student Bank Account in the UK? When you make a foreign country your residence, whether temporary or permanent, whether due to job requirements or studies, it becomes very [...]