Generally, a company or organisation is termed dormant if it is not doing business and does not have any other income, for example interests or investments. However, dormant means differently for [...]
Over Christmas, you were roped into entertaining clients and it was late in the evening when you finally took an expensive cab ride home. You had this reimbursed by the company, and a colleague [...]
UTR number A 10-digit number that is unique to either an individual or a company is referred to as a Unique Taxpayer Reference or UTR. The reference identifies an individual personally with HMRC [...]
Marriage Tax & Married Couple’s Allowance It is said, marriage is an expensive affair but then when the Government comes to your rescue with a helping hand to reward you then it is worth engaging [...]
Overview Tax Relief means that a person Claims reduction of tax for making payments / contributions to certain sectors like charity donations, pension contributions or investing in start up [...]
UNDERSTANDING CAPITAL GAINS TAX The tax paid on the profit of selling or disposing of an asset, which increases the value or capital, is referred to as Capital Gains Tax (CGT). It is the gain made [...]
Will restrictions affecting public sector contractors soon affect contractors working in the private sector as well? Will the changes to off-payroll working in the public sector, confirmed at the [...]
Today, most of us own at least one vehicle- be it a hatchback, a sedan, a Heavy Goods Vehicle or even a motorbike. Our vehicle is our most prized possession but, sadly, along with this asset comes a [...]
As employees, do you dress in protective clothing or uniform for work, which is specialized? Are you required to wash it, or purchase a new one without the help of the employer? Is it a simple shirt [...]
Undeclared Income In April 2014, HM Revenue & Customs (HMRC) launched a campaign to give individuals, who are employed and also have untaxed income from self-employment, an opportunity to bring [...]