Companies House – late filing penalties in the UK
There are late filing penalties which are designed to encourage companies to file their accounts and reports on time.
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There are late filing penalties which are designed to encourage companies to file their accounts and reports on time.
There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and buildings (known as the option to tax).
The 2017-18 tax return deadline for taxpayers using a paper self-assessment return is 31 October 2018.
Making Tax Digital is HMRC’s plan to bring UK tax into the digital age.
There are special reporting requirements and the possibility of a tax bill when you sell your home in the UK and you live abroad.
Donations made to charity over the course of a tax year can add up and taxpayers should ensure that they keep a proper record of all donations and note them on their tax return.
Costs that can be deducted by individuals that have a property rental business depend on the type of property that is being rented out.
HMRC has published a press release to remind taxpayers that the 30 September 2018 deadline to come forward and declare any foreign income or profits on offshore assets is fast approaching.
The statutory resident test (SRT) is used to determine if someone is resident in the UK for tax purposes when coming to the UK.
Business Asset Rollover Relief allows taxpayers to delay paying Capital Gains Tax (CGT) on gains when they sell or dispose of certain assets and use all or part of the proceeds to buy new assets.
The rules for the Corporation Tax treatment of carried forward losses changed from 1 April 2017.
Plans to introduce a new two-tiered penalty system for individuals and businesses that do not pay their tax bills on time have been included in the draft Finance Bill 2018-19.
30 September 2018 is a vitally important date for all those who have previously undisclosed offshore income and gains.
The publication of the draft Finance Bill 2018-19 includes legislation to change the way the rent-a-room relief scheme works.
Under the current rules, non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax on their profits made through a permanent establishment/branch or agency.
Most gifts made during a person’s lifetime are not subject to tax at the time of the gift.
The HMRC Double Taxation Relief Manual sets out the overall principles to be applied in respect of pension income.
The annual allowance for tax relief on pensions is £40,000 for the current tax year.
Whilst the majority of businesses charge VAT at the standard rate of 20% there are a number of different VAT rates and exemptions that businesses should be aware.
The answer may surprise you.
There are now just over two weeks to go until the new data protection regulations become law on 25 May 2018.
We have published articles before discussing the importance of making a will and ensuring that your assets are divided amongst your beneficiaries in the way best suited to your personal wishes.
A new online system to administer the trust register known as the Trusts Registration Service (TRS), was launched in July 2017.