VAT Refunds in UK – How to Claim
To understand the concept of VAT Refunds better, let’s first break down the terminology called VAT and see what it actually stands for. VAT, a brief definition: VAT stands for Value Added [...]
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Capital Gains Tax – How to Avoid Paying Tax on Property
Capital Gains Tax (CGT) is a tax on the gain you make when you sell or otherwise dispose of an asset. You usually dispose of an asset when you no longer own it – for example you: Sell it Give [...]
Redundancy Payment – Definition, Rates, Calculator and Saving Taxes
Losing your job is probably the worst thing that can happen in this economic climate. Sadly, it has become a reality for many people with redundancies have become a reality for many people. One of [...]
VAT Rates on Consumer Goods in UK
Luxury Tax or otherwise known as Purchase Tax was a tax on ‘luxury’ goods sold in the UK. Luxury Tax was introduced in the year 1940 at the rate of 33.3% of the mark-up price of luxury goods. The [...]
Taxes on Life Insurance – Life Policy Rules
Life insurance companies are major providers of investment products in the UK (one can pay through their company as well) They provide a route for putting your money into investment funds. Some, such [...]
Tax On Second Job – How Much to Pay
Check Your Employment Contract If you are doing two jobs then ensure that you do not spend too much on paying your taxes. First check that are you authorized for doing a second [...]
Sure Start Maternity Grant – Form, Contact Number and Address
It is well understood that at the point of having a new child, family incomes are likely to be particularly stretched, and that additional support is needed to give families assistance through this [...]
Reclaiming Bank Charges – Making Claim and Approaching The Financial Ombudsman
The topic of bank charges has become a hot one over recent years with the banks being heavily criticised by customer and consumer groups for overcharging, particularly individuals who can least [...]
Business Bank Account For Start-ups, Partnerships and Sole Traders
Opening a Business Bank Account Business bank account is the best way to keep records of finance and business transactions. Business bank account helps us to easily track the expenses and manage [...]
Maintenance Grants, Loans and Special Support Grant for Students
Grants still play a major part of the student finance picture, especially if you have children, have a disability or other members of your household are dependent on you. Unlike student loans, grants [...]