When you start your own company as a contractor, you are liable to pay various business taxes. It is important that you must possess good knowledge about the various taxes which you need to pay as a [...]
The Stamp Duty and Land Tax (SDLT) rules have become increasingly complex over the years. This often results in overpayment of the duty and the buyer could apply to claim refund from HMRC if they are [...]
From 6th April 2020, important changes have been made to the deadline for filing and paying Capital Gains Tax (CGT) on disposal of residential properties. It is applicable to both UK and non-UK [...]
If you are purchasing fuel in UK or paying mileage allowance to your employees for using their own vehicles for work purpose, you are entitled to claim VAT on mileage expenses. You can claim VAT as [...]
For every entrepreneur there comes a time when they decide to wind up their business, even if it’s been running successfully. This could be because they are moving on to do different things [...]
What is Targeted Anti-Avoidance Rule (TAAR)? TAAR stands for targeted anti-avoidance rule (TAAR). As per the finance act 2016, targeted anti-avoidance rule is a rule introduced to tackle those [...]
On 17th March 2020, due to the Covid-19 outbreak, the Government announced a last-minute delay to the extension of the off-payroll rules in private sector. The rules will now apply from [...]
A Self-assessment (SA) tax return is usually required if a taxpayer has other income apart from regular PAYE income. Find out if you need to file a tax return. Important Dates for [...]
If you are an employee and you spend certain business expenses yourself for performing your duties for business, that your employer does or does not reimburse, you might be able to get tax relief. [...]
Many companies now a days are receiving a letter from ICO (Information commissioner office), reminding them of their duty to pay ICO data protection fee if they process personal information of the [...]