With effect from 6th April 2020, all UK residential properties disposed of by UK resident taxpayers that create a chargeable gain for Capital Gains Tax (CGT) purposes will have to be reported to HMRC [...]
Employer’s sometimes pay a certain amount of money to their existing employees or a new candidate joining the company for relocation costs from one place to another. The relocation cost may be [...]
News of “BBC presenters defeated by HMRC in IR35 tax tribunal” is getting around nowadays which is expected to impact the broadcasting industry. All three of the presenters named David Eaves [...]
In this day and age of digitalisation & globalisation, imports & exports have become increasingly popular. For example – e-bay and amazon trade have increased more than 10 times in last [...]
News of “HMRC late penalties hitting the self-assessors” is getting rounds now days. This news takes place when Moore Stephens (a chartered accountancy firm) obtained their figures from revenue [...]
Every individual running a business must have some basic understanding of the tax rules & its conditions in order to maximise the benefits from the business and minimise the taxes [...]
As per change in IR35 rules for freelancers in public sector in April 2017, HMRC is currently busy in challenging the employment status of dentists working for big dental companies on freelancing [...]
On 5th March 2019, HMRC launched its consultation on introducing the off-payroll working rules to the private sector from 6th April 2020. In the Autumn Statement 2018, HMRC had announced its intention [...]
Capital Gains Tax (CGT) is the tax a person has to pay on the gains/profit earned when an asset has been sold/disposed. When You Need to Pay Capital Gain Tax? CGT is only paid when the overall [...]
What is travel and subsistence? The cost that is incurred during your official or business travel and also includes accommodation and food during the time is travel and subsistence costs. [...]