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From an Income Tax perspective, an interest in possession trust is one where the beneficiary of a trust has an immediate and automatic right to the […]
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Accountant & Bookkeeper Guides Starting as soon as 2019, UK businesses will have to start transitioning to a digital tax system – where tax is filed […]
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You may qualify to pay Inheritance Tax at a reduced rate of 36% if you leave at least 10% of your net estate to charity. Use this […]
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As an employer, if you provide company cars or fuel for your employees’ private use, you’ll need to work out the taxable value so you can […]
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Overview You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as your ‘accounting period.’ The VAT Return records […]
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Overview You must keep records of your business income and expenses for your tax return if you’re self-employed as a: sole trader partner in a business partnership You’ll also need […]