Blog

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.

Read More »
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.

Read More »
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.

Read More »
Furlough Scheme
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.

Read More »
Bounce Back Loan Scheme
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.

Read More »
Paying Capital Gains Tax
Capital Gains Tax
Fahad Lateef

Rules for Paying Capital Gains Tax on Overseas Property

As we all know, any profit attained while disposing of an asset in the UK is subject to Capital Gains Tax. It is difficult to get away from the long arm of the British taxman, regardless of whether you own resources that are actually outside the UK.

Read More »
VAT Deferral Scheme
News
Fahad Lateef

VAT Deferral Scheme: Choices and Penalties

Keeping in view the COVID-19 pandemic atrocities and cash-flow pressure off the businesses, the UK government announced to defer VAT payments. To support the business through the prevalent times, around £33.5bn of VAT payments were deferred between March 20, 2020, and June 30, 2020.

Read More »
Share on facebook
Share on twitter
Share on linkedin

Most Popular:

LET’S DO BUSINESS

The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.