News,May 2018

when is corporation tax due

When are Corporation Taxes Due?

30/05/2024corporation tax , tax

When is corporation tax due? In this discussion, we’ll explore the key deadlines and rules surrounding Corporation Tax. Including the payment deadline, filing requirements, and what happens if you miss a payment or filing deadline. In case you’re a small startup or a large multinational corporation, understanding when Corporation Tax is due is vital. This …

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cycle to work scheme

What is Cycle to Work Scheme?

27/05/2024Business , tax

Are you tired of being stuck in traffic and want to improve your physical and mental health? Or looking for a more sustainable way to commute to work? Through this scheme, employees can purchase a bike and cycling equipment tax-free. Spreading the cost over several months through a salary sacrifice arrangement. In this discussion, we’ll …

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what is taper relief

What is a Taper Relief?

22/05/2024Accounting , Finance , tax , Tax Saving Tips

What is a taper relief? If accumulate wealth and assets throughout their lives, they often seek to transfer a portion of their estate to loved ones or charitable causes. However, this process can be complicated by the complexities of inheritance tax laws and regulations. A tax break is designed to reduce the inheritance tax liability …

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do students pay council tax

Do Students Pay Council Tax?

14/05/2024tax , Tax Issues

Do students pay council tax? As a student, you’re likely no stranger to juggling multiple responsibilities, from balancing academic deadlines to managing a tight budget. But when it comes to council tax, the question on many students’ minds is, do I need to pay it? The answer, surprisingly, is not a straightforward one. In the …

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is redundancy pay taxable

Is Redundancy Pay Taxable?

08/05/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips

Is redundancy pay taxable? In the UK, redundancy pay is governed by a complex set of rules and regulations, aiming to balance the needs of both employees and employers. As we delve into this discussion, we will unravel the intricacies of redundancy pay. Including eligibility criteria, calculation methods, taxation implications, notice periods, and payment timelines. …

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what is a SA370 form

What is a SA370 Form?

29/04/2024tax , Tax News and Tips , Tax Saving Tips

What is a SA370 Form? Form SA370 is a vital document in the UK tax system, serving as a crucial tool. Throughout our discussion, we will delve into the intricacies of Form SA370, exploring its purpose, completion, submission, and HMRC’s response. By grasping the nuances of Form SA370, individuals can navigate the complex world of …

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tax on lottery winnings

Do You Need to Pay Tax on Lottery Winnings in the UK?

22/04/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation

What is the tax on lottery winnings? As with any significant windfall, it’s essential to consider the tax implications to ensure that your good fortune isn’t diminished by unforeseen tax liabilities. In the UK, lottery winnings are tax-free, but this doesn’t mean that winners are completely exempt from tax. Understanding these tax rules and regulations …

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