Crypto-assets have become widespread in recent years. Crypto-assets are digital version of value or rights (acquired through some agreement) that are secured through cryptography. These digital assets [...]
The advisory fuel rates are issued by HMRC from time to time. These are rates published as guidelines by the government of UK and used by employers for reimbursing employees who travel in a company [...]
Introduction to Community Infrastructure Levy (CIL) In order to raise funds for new infrastructure development, local authorities in the United Kingdom can impose a charge knows as the Community [...]
Behave like a contractor in the business world – Make sure that you will not use a staff pass, attend staff dinners or functions as it may takes you into IR35 investigations. Become a responsible [...]
HMRC has faced another defeat after presenter Lorraine Kelly successfully appealed against a tax bill of £1.2 million for her work at ITV Breakfast. This is the fourth IR35 case HMRC has lost since [...]
Changes in Reporting & Payment Regime of CGT on Disposal of UK Residential Property from April 2020 There are certain fundamental changes UK government is willing to make on reporting and paying of [...]
1. What is Loan Charge? Loan charge is a new tax charge introduced by the Finance (No.2) Act 2017. The legislation targets disguised remuneration (DR) schemes involving loans. In simple terms, the [...]
Irrespective of whether you are a professional (buy to let) landlord, in the process of buying properties for the sole purpose of lending them out; or an accidental landlord who rents out their home [...]
As a small business owner with limited capital, it is of paramount importance that you pay very-very close attention to where your money is coming from and where it is going. It is critical that you [...]
According to a leading tax barrister Keith Gordon of Temple Tax Chambers, HMRC has misled the treasury on loan charge 2019. This controversial policy expected to yield £800m from the individual [...]