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Let’s dive into the world of MTD for self-assessment. This is an initiative introduced by HM Revenue and Customs (HMRC) in the UK to modernise and simplify the process of reporting and paying taxes for self-employed individuals. With the implementation of digital record-keeping and online tax return submissions, the aim is to make the process […]
What is MTD for Self-Assessment? Read More »
Let’s dive into the introduction of our discussion about business asset rollover relief. This relief is an important tax provision in the UK that can offer significant benefits to business owners. The concept behind rollover relief is to allow individuals or companies to defer the payment of capital gains tax when they sell a qualifying
What is Business Asset Rollover Relief? Read More »
Will inheritance tax be abolished, is a kind of question that sparks a lot of debates and differing opinions. On one hand, some argue for its abolition, emphasising the importance of personal freedom and the ability to pass on wealth without facing hefty tax burdens. On the other hand, proponents of inheritance tax believe it
Will Inheritance Tax be Abolished? Read More »
Council tax rebate is a form of financial assistance provided to eligible individuals or households in the UK to help them with their council tax payments. The idea behind it is to offer support to those who may find it challenging to cover the costs of their council tax bills. The rebate is usually given
What is Council Tax Rebate? Read More »
The topic of foreign tax credit relief is particularly interesting as it explores the benefits and implications of claiming tax relief on foreign taxes paid. Foreign tax credit relief is a mechanism that helps individuals and businesses avoid double taxation by offsetting the foreign taxes paid against their home country’s tax liability. It promotes fairness
What is Foreign Tax Credit Relief? Read More »
If you are looking for a guide that can explain the procedure to get paying tax bills with a credit card, in this guide, we will dive into the topic of payment options for HMRC. When it comes to paying your taxes, you must know the different methods available to ensure a smooth and hassle-free
Can I Pay My Tax Bills with a Credit Card? Read More »
Are you seeking facts on how to cancel car tax in the UK and how to get a refund if applicable? Well to cancel the car tax, you need to get in touch and let the DVLA know about it. Moreover, you can apply for the refund online or by filling out a relevant form
How to Cancel Tax on Car in the UK? Read More »
The UK has the most complicated tax structure, but have you wondered which tax is the most hated in the UK? This is what we will attempt to answer in the blog. This blog covers a vast majority of the different taxes imposed by the government on businesses and individuals. You will be provided with
What is the Most Hated Tax in the UK? Read More »
If you are working in the capacity of a self-employed makeup artist in the UK, you will have tax implications to deal with for sure. You can pay your tax bills online, by phone, or by post. You can deduct certain business expenses from your taxable income to reduce your tax bill. It’s equally good
Managing Tax as a Self-Employed Makeup Artist Read More »
If you belong to the circle of being in the role of exotic dancers in the UK, here is the guide that will interest you as it will cover all the relevant facts related to exotic dancer tax deductions and how it will work with HMRC. Some examples of allowable expenses include travel expenses, such
What are the Tax Deductions of Exotic Dancer in the UK? Read More »
Our team of qualified accountants in London has qualifications from top accountancy bodies, such as ICAEW ( Institute of Chartered Accountants of England & Wales, ACCA ( Association of Chartered Certified Accountants & AAT ( Association of Accounting Technicians). In addition, we are on ICAEW approved employer’s list.
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