Behave like a contractor in the business world – Make sure that you will not use a staff pass, attend staff dinners or functions as it may takes you into IR35 investigations. Become a responsible [...]
HMRC has faced another defeat after presenter Lorraine Kelly successfully appealed against a tax bill of £1.2 million for her work at ITV Breakfast. This is the fourth IR35 case HMRC has lost since [...]
Changes in Reporting & Payment Regime of CGT on Disposal of UK Residential Property from April 2020 There are certain fundamental changes UK government is willing to make on reporting and paying of [...]
1. What is Loan Charge? Loan charge is a new tax charge introduced by the Finance (No.2) Act 2017. The legislation targets disguised remuneration (DR) schemes involving loans. In simple terms, the [...]
Irrespective of whether you are a professional (buy to let) landlord, in the process of buying properties for the sole purpose of lending them out; or an accidental landlord who rents out their home [...]
As a small business owner with limited capital, it is of paramount importance that you pay very-very close attention to where your money is coming from and where it is going. It is critical that you [...]
According to a leading tax barrister Keith Gordon of Temple Tax Chambers, HMRC has misled the treasury on loan charge 2019. This controversial policy expected to yield £800m from the individual [...]
Recently, on 5th March 2019, HMRC launched its latest consultation for the proposal to introduce off-payroll working rules to the private sector. As per 2018 budget, government has already announced [...]
Income Tax Income tax is a tax charged on income of an individual (Salaried personnel’s) or a self-employed person. Before knowing how to calculate income tax, you must know how to calculate [...]
A Transaction Advisory Services deal with the transaction side of the business and are mostly third party services provided by professional services firm or an investment bank in case of a [...]