Jeremy Corbyn (Leader of the Labour Party), Theresa May (Leader of the Conservative Party since July 2016), and Tim Farron (Leader of the Liberal Democrats since July 2015) have dissimilar views of [...]
The 2017 Finance Bill set out the new rules for carried-forward losses for corporation tax purposes and brought in some key changes. Under the old rules, corporation tax losses carried forward could [...]
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 [...]
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 [...]
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 [...]
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 Since 30 June 2016, annual returns have been replaced by a confirmation [...]
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 [...]
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 [...]
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 [...]
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 [...]