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 [...]
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 [...]
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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
Overview An agreement between the property owner (landlord) and a tenant is referred to as Tenancy agreement. A Tenancy Agreement is also referred to as Assured Shorthold Tenancy Agreement (ASTA) [...]