Attendance allowance
Overview Attendance allowance is available to individuals’ who are aged 65 and above and requires personal care such as washing, dressing or eating due to disability or illness. The amount is [...]
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Winter Fuel allowance payment and benefits
Winter Fuel Payment A Winter Fuel payment is a tax-free payment of £100-£300 which is made during winter to help an individual pay the heating bills. This is made available to households [...]
Lifetime allowance explained
What is a lifetime allowance? A lifetime allowance is the maximum value of benefits an individual can take from all the registered pension schemes before he /she has to pay a lifetime allowance tax [...]
File or submit a confirmation statement
Overview Starting 30 June 2016, companies in the UK were required to submit a confirmation statement to Companies House. Since 30 June 2016, annual returns have been replaced by a confirmation [...]
Emergency tax and its code explained
Overview The tax code on an individual’s pay-slip reflects the amount of Income tax which is payable each month. An individual is on an emergency tax code if the pay-slip reflects either one of [...]
UK Government Proposals for a register of overseas entities owning property
Who owns companies and legal entities overseas? The UK Government requests evidence on a register of ownership In April 2017, the government announced for a call for evidence to gauge interest in [...]
Calculate holiday pay entitlement UK
How to calculate holiday entitlement for employees? Below are the steps that needs to be taken for calculating your holiday entitlement – Present your “employment status” - whether you are [...]
Registering as a self-employed subcontractor in construction – CIS
INTRODUCTION HM Revenue & Customs (HMRC) collect tax from contractors and subcontractors through Construction Industry Scheme (CIS). This system is designed to reduce tax evasion within the [...]
Do You Pay UK Import Tax & VAT
Import duty and taxes are applicable when goods are imported into the UK from anywhere either by an individual or a commercial entity. If an individual or entity imports, or purchases goods from [...]
Do you understand Tax codes?
INTRODUCTION In the 2015-16 tax year, the applicable tax code for all the tax-payers was 1060L. This tax code applied to all the individuals who received the entire tax free Personal Allowance and at [...]