About Making Tax Digital (MTD) Her Majesty's Revenue and Customs (HMRC) is working towards becoming the most forward-thinking tax authority around the globe by augmenting the customer experience [...]
What Is Money Laundering? Going by its dictionary and legal definition, money laundering is nothing but a method through which one conceals the origin of money that have been obtained illegally by [...]
What Is Intrapreneurship? Everyone has heard and is aware of the term “Entrepreneurship”, however not many have heard of “Intrapreneurhsip”. It is a new concept that has helped individuals [...]
The recent budget has confirmed what was being anticipated since long. It is now assured that significant VAT changes for the building and construction services will be introduced from 1 October 2019. [...]
The employers of the United Kingdom need to alter the manner in which they provide payslips to their employees with the introduction of fresh legislation. As per the current legislation, payslip [...]
What Is Management Buyout? Management Buyout (MBO), as its name suggests, is nothing but a form of acquisition process under which either a large part or all of the company is bought or acquired by [...]
What Is Private Residence Relief? As the name suggests, the private residence relief is nothing but a relief provided to the taxpayers by the government of United Kingdom that enable them to sell [...]
In the United Kingdom, a fresh campaign was launched primarily to focus on overseas income and assets which remained undisclosed or under-disclosed to HMRC. Overseas assets do not mean assets or [...]
Many organisations and businesses in the United Kingdom are confused about whether they need to keep paper photocopies of all receipts, or will Her Majesty's Revenue and Customs (HMRC) agree to take [...]
Generally, foreign directors of UK companies visit UK for a short time and do not establish their tax residency status in UK. For ex – Business meetings. Some companies still remain in confusion [...]