Enterprise investment scheme (EIS) is a venture capital scheme designed for companies to raise money with the help of individual investors, for growth and development of the business. It offers [...]
In this article we look at whether you need to register and file for self assessment tax return. In a recent data published by HMRC around 47 million people have taxable income in the UK, out of [...]
In February 2018, there was a decision taken by the first-tier tribunal stating that Ms. Christa Ackroyd PSC "Christa Ackroyd Media Ltd." is liable to pay outstanding tax and national insurance [...]
Employer’s sometimes pay a certain amount of money to their existing employees or a new candidate joining the company for relocation costs from one place to another. The relocation cost may be [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]