BBC Presenters Defeated By HMRC In IR35 Tax Tribunal
News of “BBC presenters defeated by HMRC in IR35 tax tribunal” is getting around nowadays which is expected to impact the broadcasting industry. All three of the presenters named David Eaves [...]
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UK Businesses Buying From Other EU Countries And How To Claim VAT?
In this day and age of digitalisation & globalisation, imports & exports have become increasingly popular. For example – e-bay and amazon trade have increased more than 10 times in last [...]
HMRC Late Penalties For Self-Assessment Surged by 14%
News of “HMRC late penalties hitting the self-assessors” is getting rounds now days. This news takes place when Moore Stephens (a chartered accountancy firm) obtained their figures from revenue [...]
Trivial benefits: Not Trivial Enough to Ignore
Every individual running a business must have some basic understanding of the tax rules & its conditions in order to maximise the benefits from the business and minimise the taxes [...]
UK Dental Professionals Being Targeted By HMRC
As per change in IR35 rules for freelancers in public sector in April 2017, HMRC is currently busy in challenging the employment status of dentists working for big dental companies on freelancing [...]
IR35: Summary of Responses to Off-Payroll Private Sector Consultation – June 2019
On 5th March 2019, HMRC launched its consultation on introducing the off-payroll working rules to the private sector from 6th April 2020. In the Autumn Statement 2018, HMRC had announced its intention [...]
What is Capital Gain Tax?
Capital Gains Tax (CGT) is the tax a person has to pay on the gains/profit earned when an asset has been sold/disposed. When You Need to Pay Capital Gain Tax? CGT is only paid when the overall [...]
Travel and Subsistence Changes
What is travel and subsistence? The cost that is incurred during your official or business travel and also includes accommodation and food during the time is travel and subsistence costs. [...]
Key Tax Issues for Setting up Business in the UK
Tax Issues for Start-up For organisations planning to set-up a business in the United Kingdom, the key tax issues might encompass: Corporation tax compliance Employment taxes Value added [...]
VAT Capital Goods Scheme
What is VAT Capital Goods Scheme? The Value Added Tax (VAT) capital goods scheme has an impact on input tax retrieval with regards to high net worth capital assets. The scheme intends to focus on [...]