What is Zero Emission Car?
From 6 April 2020, how carbon dioxide emissions for cars measuring change. Moving from the New European Driving Cycle (NEDC). It utilizes the WLTP for
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Personal Tax
Tax on Residence Transferred Between Spouses
If a residence is transferred between spouses or between civil partners, the period of ownership of the transferee begins at the start of the period
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Are HMRC Calculations Correct? A Guide by Quickbook Accountant
HMRC and PAYE don’t submit a tax return as per a qualified quickbook accountant. Each year HMRC undertake a PAYE reconciliation for employed individuals. Check that you’ve paid the correct amount.
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Borrowing Money From Your Company: A Complete Guide
Are you thinking of borrowing money from your company? Think twice, because you might end up being fined. You might assume that once you set
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Tax on Crypto Currencies & Crypto Assets
How do you pay tax on crypto currencies? Are cryptocurrency or crypto-asset gains or profits taxable? Can you obtain tax relief if you make losses
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The Best Way to Pay Family Members
Many small businesses, whether incorporated or not, pay family members for working for the company. However, as a recent case shows, it is easy to
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Tax Rates 2018/2019
Income Tax Rates and Bands Recent income tax rates and bands are as follows: 2015/16 2016/17 2017/18 Savings rate: 10%, 0% from 2015/16 0 –
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Understanding The Time Limits For Discovery Assessments.
Section 29 Tax Management Act (TMA) 1970 gives power to HMRC to make a discovery assessment. Requirements for a Discovery Assessment HMRC cannot generally raise
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Self Employed/Freelancer Guide
Self Assessment started in 1997, the idea being that taxpayers can easily complete their tax returns. The reality has turned out to not be quite
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Personal Tax Return Penalties
Filing your self-assessment tax return late can lead to costly consequences. Personal Tax Return Penalties – Self Assessment Late Filing can quickly add up, impacting
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