‘Section 455’: An Unannounced Tax Rise
There is a corporation tax (CT) charge (CTA 2010, s 455) on loans made to ‘participators’ in close companies that are outstanding at the end
Accounting, Tax & Business Blogs
Explore expert accounting, tax, bookkeeping, and business advice from across the UK. Get practical tips, financial insights, and the latest updates to help you manage your finances and grow your business.
Buying and Selling Goods Located Overseas
The basic rule for considering the place of supply of goods is that they are supplied where they are physically located when they are sold
What is the M1 Tax Code? Why You’re on it & How to Change It Quickly
A payday is one of the most exciting moments of an employee’s month, right? Well, there are some taxes that are applied to your income,
Very Interest-ing!
Interest income for UK individuals can arise from a variety of sources, including (but not limited to) savings accounts, current accounts, fixed-term deposits, corporate bonds,
Who Says Romance is Dead?!
Tax and romance – not exactly the perfect match! However, in this Valentines season, the thoughts of the lovestruck (but fiscally frugal!) may turn to
Tax and Chattels
When capital assets are disposed of, capital gains tax (CGT) must be considered, but when assets other than ‘real property’ and intangibles like shares are
How to Set Up a Personal Tax Account Online | Step-by-Step Guide for UK Taxpayers
Taxes can feel like a bothersome endeavour, with looming deadlines, potential penalties, delayed refunds, and constant postal notices. Set up a personal tax account with
How to Create a Holding Company | UK Structure & Tax Benefits Explained
Successful business owners protect their assets and reduce their tax liabilities using strategic corporate structures. And, most of them benefit from creating a holding company.
Loss Relief: A Reminder
One of the ‘badges of trade’ used by HMRC to determine if a trade is being conducted is the presence of a ‘profit motive’ where
What is Payroll Number? Where to Find It & Why It Matters?
Managing your income should not feel like a puzzle. Many employees become confused when HR asks them to provide identification codes such as their payroll
What is Employment Tribunal? How to Make a Claim & Win Your Case
Have you been terminated unreasonably from your employment? Or do you face discriminatory treatment at work? It is possible that your employer has not paid
Tax Helps Shed the Pound!
The New Year is typically a month for planning ahead and focussing on our health. The gym is always busier, and the pubs and restaurants are quieter.
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