Capital Gains Tax United Kingdom
Will Changes to Capital Gains Tax Hit Only Non-UK Residents? British expats and foreigners who own residential property in the UK will have to pay capital gains tax from 2015. The idea, first muted [...]
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HM Revenue and Customs (HMRC) Benchmarking
"HMRC Benchmarking": What is it, and what does it mean to businesses? HMRC has what is called a Transparent Benchmarking Team, assigned to test the profit ratio "benchmarks" among a selection of [...]
Second income? Declare it!
Declar Your Second Incomes HMRC is targeting undeclared second incomes! A disclosure facility for the Second Incomes Campaign provides individuals an opportunity to declare additional income that [...]
Salary Sacrifice: The Benefits!
What's salary sacrifice? Salary sacrifice is an agreement between the employer and employee on making an arrangement to reduce an employee’s cash pay in return for non-cash benefits like a [...]
Employment Allowance: How to get up to £2,000 off your Class 1 NICs
From 6 April 2014 employers can claim the Employment Allowance and reduce their employer Class 1 NICs. From 6 April 2014 employers can claim the Employment Allowance and reduce their employer Class [...]
HMRC unveils new timetable for Real Time Information penalties
HMRC has announced that it will stagger the introduction of RTI penalties for two reasons: fixing glitches in HMRC’s own systems and to give employers who are experiencing difficulty in reverting to [...]
Is this end of Cost of Travel from home to work for Contractors and Freelancers?
Is this end of Cost of Travel from home to work for Contractors and Freelancers? As a self employed contractor or small business owner and working from home one of the major expense which you claim [...]
Spring Budget 2014 United Kingdom
Spring Budget 2014, Savers are the Winners The positive move in the economy should uplift business and investment in the UK. According to the Chancellor, the UK is the fastest growing economy in [...]
New Tax-Free Childcare scheme
New Tax-Free Childcare scheme to be increased to up to £2,000 per child and extended to all children under 12 within the first year. Who can take advantage of Tax-Free Childcare? In the last [...]
Are You Self-Employed and Working as a Sole Trader?
Are You Self-Employed and Working as a Sole Trader? The concept of a company was created by someone very smart many be centuries ago. This someone wanted to take advantage of the upside of running [...]