General

Contents Self-assessment is simply HMRC’s way of getting taxpayers to report their income and pay taxes. The process of registering for and completing this tax

Contents Understanding the list of tax codes and what they mean can be very challenging for small businesses. In many cases, the responsibility usually falls

Contents Normally, VAT registration threshold applies, but not in the case of traders without UK establishments, who, for VAT purposes, are termed non established taxable

Contents Currently, a business must register for value-added-tax (VAT) when their total annual turnover reaches the £90,000 VAT threshold, or if they anticipate earning so.

Contents Employers often incur extra costs outside salary payments, usually non-cash rewards for employees, which are taxable benefits in kind (BIK). Some of these expenses

Contents Whether to charge VAT on consultancy services or not will be answered in this article. Read on for a brief guide to this indirect tax,

Contents Tax relief working from home reduces a portion of the financial burden incurred for job or business purposes. This works by reducing the taxable income

Contents Understanding the role of personal tax allowance in an individual income tax gives a clearer grasp of how much the taxpayers’ take-home pay and

Contents Do I pay tax if I sell my house? Many homeowners in the UK wonder about this when they decide to sell their homes

Contents Business Asset Disposal Relief (BADR), previously known as Entrepreneurs’ Relief, offers significant capital gains tax relief for business owners when disposing of qualifying assets,