Foster child is a child looked after temporarily or brought up by people other than its natural or adoptive parents. There are many foster carers in UK who receives support in different forms so that [...]
By working through a PAYE umbrella company, a contractor/freelancer becomes a member of staff of the firm. Every month or week an umbrella company generates an invoice for the agency based on the [...]
If you are a student and doing a job, you may need to pay student tax. Student tax is of two types – Income tax National contribution Income tax – Income tax means tax on income of [...]
Dementia is a set of symptoms which include memory loss, difficulty in problem solving, over thinking which leads to change in behavior. For ex – Change in temperament or mood of a person and it can [...]
Tampon tax means the total revenue earned by charging VAT on the sale of sanitary products. The revenue earned on the basis of this tax is used to support women facing domestic violence and given to [...]
Her Majesty's Revenue and Customs (HMRC) has the right to impose tax on loans funded to freelancers or contractors through umbrella companies or trusts – these loans are treated as normal income. If [...]
Buying a Vintage Shelf company in the UK A vintage shelf company is registered as an establishment with Companies House for a specific time period. Vintage shelf companies are registered for [...]
All working people whether small business owners or contractors have to be in the know for what all they have to do be in compliance with tax matters. There is lot of things needed to be taken care of [...]
Different types of trust incomes have different income tax rates. Trust includes a trustee, settlor and a beneficiary. Each type of trust is taxed differently whereas estate tax return is levied on [...]
Today we are bringing you a list of effects that Brexit had or is having on businesses in the #UK. Once you end up reading this article you’ll realise that investment has dried up and businesses [...]