What is Tonnage Tax? Taxable profit of shipping companies is calculated through Tonnage Tax. It is a taxation mechanism used to calculate shipping related profits for Corporation Tax (CT) of [...]
Debts of any kind need to be paid. Every country has a different set of rules and ways for working regarding debts and their collection. The law of England and Wales suggests that debt can be [...]
Pay and work rights helpline and complaints If at any time an employee has a complaint about the work or workplace or about someone they work they can always take help of legislations framed by [...]
What Is a SWIFT Code? The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is an identical and trustworthy format of providing a suitable network to the financial institutions [...]
What is BACS Payment? BACS (managed by BACS Payment Schemes Limited) is an electronic arrangement used to perform direct payments or transactions from one bank account to another bank account. [...]
Established in Feb-1984 by the Bankers Clearing House in London, CHAPS or Clearing House Automated Payment System offers customers the provision to transfer funds on the same day. It was [...]
How can you get a job in the UK? There are many rules regarding how to work in the UK, and there are many regulations in place that regulate the employment and the hiring conditions in the UK. It [...]
What is National Import Relief Unit? National Import Reliefs Unit is a unit which operates under Her Majesty’s Revenue and Customs (HMRC) in order to control and assist local excise and inland [...]
What is Umbrella Company Scheme? For an independent contractor, an Umbrella company plays the role of an employer and the contract operates under a temporary agreement, typically through a [...]
Annual Tax on Enveloped Dwellings is usually referred to as ATED. This tax is applicable only to those companies that have residential property in the UK. However, not all residential properties [...]