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Substantial Shareholding Exemption (SSE) Guide and Updates
The Substantial Shareholding Exemption (SSE) was legislated as part of the UK Finance Act of 2002. The substantial shareholding exemption applies to companies and exempts certain gains from UK...
Capital Gains Tax (CGT) – Investors’ Relief Allowances & Exemptions
Wealth in the form of money or property utilised to produce additional wealth is referred to as capital. A rise in the worth of that wealth is referred to as a gain. When you sell or give away an...
What is Construction Industry Scheme? – CIS Tax Simplified
The Construction Industry Scheme (CIS) in the United Kingdom is a nationwide tax-deductionscheme for British contractors and subcontractors. Contractors deduct money from subcontractorpayments and...
A Guide to Correct VAT Errors & Make Adjustments
As with any bookkeeping, errors can happen when completing a VAT return, especially if you're maintaining a small growing business. VAT is incredibly complicated, and you should always seek advice...
VAT Charging and Reclaiming: How to Deal with VAT Matters
If you have a business, there are several decisions to be made. For example, if you are setting up a new business or expanding, one of the decisions is whether to register for VAT. If your turnover...
What are benefits in kind? Introduction & tax guide
Today companies provide their employees with various types of added benefits. Any benefit that you receive as an employee in addition to your basic salary is the Benefit in Kind from your employer....
Operating Business from Rented Property as a Landlord and Tenant
OverviewWhat to Look for in a Rental PropertyCharacteristics of a profitable business rental propertyWhat are the immediate benefits of renting property?What are the major disadvantages of renting...
Income Tax losses – What self-employed/sole traders must know
Income tax losses overviewWhat kinds of losses your company can experience?Limitations on how long you have to file a claim for loss relief?How to Get a Tax Refund if You've Had a Loss?What are the...
Pension Tax Relief Key Processes, Higher Tax Award and Pension Planning
Pension Tax Relief: What Is It? Key Processes to Get Pension Tax Relief Tax Relief: In-Case of Not-Paying Tax How to Avoid After-Effects of Not-Paying Tax? Relevant UK Earnings Salary Sacrifice...
A Guide to UK’s Kickstart Scheme
Brief BackgroundKickstart Scheme IntroductionStep by Step Process to ApplyGovernment and Employers Contributions in SchemeHow Kickstart Scheme Supports Building Skills?Gender and Age Restrictions in...
COVID-19 Measure: Temporary VAT Rate Cut to Stimulate the Economy
VAT, or value-added tax, is a tax that must be paid when goods or services are purchased. When a customer sees a price for a product in a store, VAT has already been factored in it. In the United...
Self-Assessment Tax Return Process for Self-Employed and Foreign Incomes
Table of Content What is Self-Assessment Tax Return (SATR)?Who is required to file a SATR?Registration Process and Deadlines of Self-Assessment Tax ReturnKeep all the Essential Information Before...
