List of Tax Avoidance Schemes in UK
Overview Tax avoidance encompasses moulding the tax system rules to attain tax advantage. It involves a lot of artificial transactions that usually have no other purpose other than taking advantage [...]
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National Minimum Wage for Employees of Different Age Group
Overview The least pay, for every hour, most employees in the United Kingdom are eligible to get by law is referred to as National Minimum Wage (NMW). The rate of National Minimum Wage is dependent [...]
Top 10 business bank accounts for UK Start-ups in 2018 – Compare Business Bank Accounts in UK
Introduction The United Kingdom banking sector is the 4th biggest in the world encompassing ~300 banks, and ~9,000 bank branches offering financial and related services to the [...]
Requirement to Correct Legislation for Declaring Offshore Tax Liability
The Requirement to Correct (RTC) legislation requires those people with undisclosed overseas earnings to declare their tax liabilities to HMRC by the end date of 30th September 2018. This includes [...]
How to Save Tax on Trivial Benefits for Employers?
If you are trying to retain employees or earn their goodwill by giving them incentives than you are not alone as giving gifts to employees is being increasingly employed by all corporates. But then [...]
How to Use Patent Box to Reduce Corporation Tax?
What is a Patent Box? Patent Box is a valuable and largely appreciated initiative by the UK Government to provide extra incentives for the companies in the UK to preserve and commercialise the [...]
Apprenticeship Levy Allowances for Employers
Apprenticeship Levy What is Apprenticeship Levy? In the UK the employers are charged with the Apprenticeship Levy to fund new apprenticeships. The levy that is charged is only at the rate of [...]
How an Employee Benefits from Employee Ownership Trust?
Introduction Employee Ownership Trust (EOT), special form of benefit provided to the employee of any corporation initiated by the Government in September 2014. It is an effort to inspire more [...]
Withholding Tax : What it Means for Employers in UK
With Holding Tax (WHT) also refers as a Retention Tax, is a kind on income tax paid to the government by the employer and the credited withheld amount against the income tax is paid by the employee [...]
Search the Bankruptcy & Individual Insolvency Register
You can easily find information of those people who have signed agreement to handle their debts in Wales and England or those people who have become bankrupt. By checking the Individual Insolvency [...]