Many organisations and businesses in the United Kingdom are confused about whether they need to keep paper photocopies of all receipts, or will Her Majesty's Revenue and Customs (HMRC) agree to take [...]
Generally, foreign directors of UK companies visit UK for a short time and do not establish their tax residency status in UK. For ex – Business meetings. Some companies still remain in confusion [...]
HMRC has faced another defeat after presenter Ms. Kaye Adams successfully appealed against a tax bill of £124k for her engagements with BBC between March 2015-2017. This is the fifth out of six cases [...]
Introduction About Model Articles of Association Model articles are the most commonly used articles by corporations in the United Kingdom, as these articles are applied by default to all [...]
Accounting Apprenticeships Overview Apprenticeships are an effective substitute to universities. If an individual opts for a degree apprenticeship, he/she can graduate with several years of work [...]
It wasn’t too long ago when the concepts of artificial intelligence (AI) and automation were reserved for science fiction novels and fantasy films. Fast-forward to today and this technology has made [...]
A corporate group is a set of several subsidiary companies under a single parent company. These have a single point of control in the parent company and operate as a single economic unit. The parent [...]
Within most leases, the landlord are required to provide to the tenants an annual statement of service charge expenditure. In October 2010 the institute of Chartered Accountants England and Wales [...]
Under the Tax-Free Childcare scheme, eligible families are provided up to £2,000 free for every child in the family. In this article we shall deal in detail with the scheme which was introduced in [...]
As per the new policy of HMRC, VAT is to be chargeable on all non-refundable deposits in case the customer does not use the goods or services for which the payment is done by the customer. This policy [...]