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 [...]
With effect from 6th April 2020, all UK residential properties disposed of by UK resident taxpayers that create a chargeable gain for Capital Gains Tax (CGT) purposes will have to be reported to HMRC [...]
Your basic personal tax-free allowance, starting tax rate, and the new zero-rate bands for savings income and dividends could mean you benefit from £19,850 tax free, would you like to know [...]
Are you tempted by tax fraud? Read the seven short case reviews Tax evasion is illegal and tax avoidance is legal, providing that the avoidance strategy taken is not too aggressive and stays within [...]
Panama, the offshore tax haven now exposed Recent revelations have uncovered some of the wealthy individuals and organisations who skirt the law by sheltering wealth from their country’s tax [...]
10 Tips to help you while tackling the new dividend tax With the introduction of the new dividend tax, there is a lot of apprehension among people. In the previous system, basic-rate taxpayers were [...]
Overpaid tax refunds, must you claim within the four-year deadline? Overpaid tax, the rules If you overpay tax, you can claim it back from HMRC within a statutory period, which used to be six [...]
Change in Non-resident Capital Gains Tax Rules for Sale of UK Residential Property After April 2015, all non-UK residents must inform HMRC and pay Non-resident Capital Gains Tax (NRCGT) on any [...]
Act Now! Non-UK Nationals Can Still Save Tax on UK-Owned Property Recent changes to UK tax rules will affect non-UK nationals who do not reside in the UK as well as foreign nationals living in the [...]
Research and Development Tax Relief In his Budget 2014 speech, Chancellor George Osborne announced, "If Britain isn’t leading the world in science and technology and engineering, then we are [...]