Reach out to HMRC Cumbernauld for Tax Enquiries
To pay the PAYE of employers’ - From the account of your bank, you can transfer the amount by Bacs, CHAPS, and faster payments. [...]
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Important Case Study for Contractors in IR35 – Jensal Software vs HMRC
Jensal Software Ltd’s win over HMRC in the IR35 case comes as a huge relief for the contractors in the public sector who are pressurized by HMRC to pay back taxes. This win for the contractor [...]
HMRC releases Consultation Document for Off-Payroll working in Private Sector
Even after a lot of controversies surrounding its previous rule on Off-Payroll working in public sector, HMRC has decided to release consultation document for off-payroll in private sector. It was [...]
Tax Relief on Museums and Galleries - MGTR
What is Museums and Galleries Tax Relief? The museums and galleries tax relief is a new relief which is available to the organizations from 1st April 2017 and it is designed to appreciate and [...]
How to do an Annual Audit for Small Businesses?
Definition of Annual Audit: As per the Cambridge Dictionary, audited accounts are company’s financial records that have been officially examined to check for their accuracy and an annual audit or [...]
Benefits of Business Asset Rollover Relief for Small Businesses
What is Business Asset Rollover Relief? Rollover relief is a valuable relief for business and it gives you a window to escape paying the capital tax on your new assets, provided you have bought the [...]
What is Tenant in Common Agreement?
What is a Tenant in Common? Tenancy in common, also called as TIC, allows two or more people to have ownership in a property, wherein each owner has the right to leave his share of the property to [...]
Income Protection Insurance: How Much Does it Cost?
Introduction For UK citizens, Income Protection insurance can make available a consistent alternative income for an individual who, because of injury or illness, is unable to work. Usually, as per [...]
How do I Tax Second-Hand Car?
It is imperative to understand that when an individual is purchasing a second hand car, it is necessary to tax it at the point of purchase (sale) as tax is non-transferable. An individual can tax [...]
Tax Code 1185L –Tax Changes for 2018/19
In the UK, mostly everyone is eligible for a tax-free personal allowance Tax-free personal allowance means that a certain amount earned by an individual each year is paid without being taxed. For [...]