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Shadow Business Secretary, Chuka Umunna has suggested that companies should be compelled to reveal their tax bills – and that it should be done in such a way that we don’t all need a degree in accountancy to understand them. Umunna’s proposals have come after the controversies of a number of large companies and their […]
The Treasury has announced tax reliefs for creative industries in a bid to keep them on home turf. Many high-budget TV productions have been filming in locations such as South Africa, Ireland, France and Hungary to avoid the crippling costs of UK production, but it is hoped that tax reliefs will go a long way […]
Dealing with your tax return is difficult at the best of times, but when it comes to corporation tax, it can often be even more difficult. When it comes to filing and paying this kind of tax, you may easily have trouble – which is why most people choose to hire an accountant for their […]
Corporation tax is actually much simpler than you might think. Basically, this is where HMRC takes a tax on the profits of either limited companies, or specific organisations like associations, societies, clubs, co-operatives, unincorporated bodies or charities. Basically, once these organisations and businesses go over the threshold, they will have to pay tax on their […]
If you intend to sell your business to family in order to keep the company running through the generations, there are a lot of things to consider. In order to make the transition between you and your successor much easier, it is important that you successfully arrange the handover procedure. This process of passing down […]
Roughly 12,000 people in the UK who had been told that they are no longer required to fill in their self-assessment tax forms now appear to have been sent these penalty notices in error. The letters were sent by HM Revenue and Customs, and came after the new £10 daily fine which now occurs for […]
It has now become increasingly common for the relatives of pensioners to hide the full wealth of the pensioner, in order to avoid paying high and rising care home fees. Many local authorities are also failing to use legal powers in order to take this money back, too. In many cases, the savings of pensioners […]
British Taxpayers To Pay £421 In Tax British taxpayers are expected to overpay in tax this year, at an average of around £421 all in all. It’s also expected that 85% of us will be unable to reduce our tax bills, too. Brand-new figures have brought about these expectations. 2012 Will Be The Second Biggest […]
Liberal Democrat leader and Deputy Prime Minister Nick Clegg has aired his support for the tycoon tax proposal, which would bring in a minimum taxation rate to ensure that all citizens pay their ‘fair share’. Speaking before his party’s annual conference and before the budget was announced, Clegg claimed that the current system of allowing […]