Blog

Income Tax
Fahad Lateef

How Much Tax Do You Pay on Rental Income?

The amount of tax you pay on rental income relies primarily on how much profit you make, and what your work status is. In this article, we discuss the taxes that landlords face, the role of HMRC, and additional guidance for landowners.

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Tax Raid on Pensions
News
Fahad Lateef

Tax Raid on Pensions A Way Out of COVID-19?

A triplet of changes to pension contributions are being drawn up, including lessening the pensions lifetime allowance from just over £1m to around £800,000. Bringing down this limit has a significant impact, as pension savings are heavily taxed above this allowance

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Easy Guide for Beginners on How to Pay Corporation Tax
Corporation Tax
Fahad Lateef

Corporation Tax Return | A Step-by-step Guide on How to Do It

Corporation Tax is paid on any taxable profits that your organization has. You’ll have to make good on Corporation tax if you set up as a limited company, charity, affiliation, or society. Consider it identical to income tax. Corporation Tax is an income tax for organizations.

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Tax Credit Customers to Renew Claims
News
Fahad Lateef

Tax Credit Customers to Renew Claims

More than 440,000 annual tax credits, survey packs were sent to customers between late April and early June. Customers will have either gotten an ‘auto restoration update or a ‘reply required’ notice.

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VAT Exemptions
Value Added Tax
Fahad Lateef

VAT Exemptions | When not to charge VAT

When most items or services are sold, VAT is added to the original deal cost, ordinarily at a pace of 20%. Be that as it may, certain items and services are exempt from VAT.

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News
Fahad Lateef

The Furlough Scheme is Changing

UK government has extended the furlough scheme until the end of September. Chancellor Rishi Sunak confirmed the extension during his Budget announcement.

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News
Fahad Lateef

Bounce Back Loan Scheme (BBLS)

The BBLS is a Government-sponsored scheme, which permitted businesses influenced by COVID-19 to borrow money in specific circumstances. The Scheme is currently shut to new applications.

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How Much Tax Do You Pay on Rental Income?

The amount of tax you pay on rental income relies primarily on how much profit you make, and what your work status is. In this article, we discuss the taxes that landlords face, the role of HMRC, and additional guidance for landowners.

Read More »
Tax Raid on Pensions

Tax Raid on Pensions A Way Out of COVID-19?

A triplet of changes to pension contributions are being drawn up, including lessening the pensions lifetime allowance from just over £1m to around £800,000. Bringing down this limit has a significant impact, as pension savings are heavily taxed above this allowance

Read More »

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