Income Tax

Income Tax

Income Tax refers to the tax or corresponding amount of money you pay to HMRC for your income. Income can be from the property sales, employment or self-employment and etc.

This section provides articles that discuss the topic.

Tips to Reduce Income Tax on Investments
Fahad Lateef

Tips to Reduce Income Tax on Investments 

This article focuses on the various ways individuals in the UK can cut their income tax bill on their investment profits. They include National Savings and Investments (NS&I), Individual Savings Accounts (ISAs), Junior ISAs, Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Venture Capital Trusts, Self-Invested Personal Pensions (SIPPs), and Small Self-Administered Schemes (SSASs).

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Self-Employed Tax Rate: A Brief Guide to Income Tax
Fahad Lateef

Self-Employed Tax Rate: A Brief Guide to Income Tax

This article serves as their guide on computing self-employed income tax rate, determining what tax allowances they may be eligible for, familiarizing the income tax rates and bands for the previous and current tax years, and filing their income tax return.

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How To Reduce Income Tax for Self-Employed
Fahad Lateef

How To Reduce Income Tax for Self-Employed

This article shows how it is possible for the self-employed to decrease their income taxes legally through various means, which includes contributing to their pension, giving donations to charity, making use of tax-deductible expenses, offsetting annual losses, claiming previously overpaid taxes, and more.

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Tax Rate on Pension Income
Fahad Lateef

Tax Rate on Pension Income

This article will provide you with a basic overview of pension income tax rates. If you have received more than the compensation, you are liable for paying the yearly tax on the exceeding amount.

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Rental Income
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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Our Experts

Junaid Usman

Junaid Usman

Junaid has been instrumental in the achievement of our success across various regions and he specialises in business management, accounting and tax advisory services.

Faizan Rashid

Faizan Rashid

Faizan is good at providing well-thought-out strategies and solutions to complex problems in Business Development which makes him a proficient overseer of our clients.

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Support for energy bills in the uk

Support for Energy Bills in the UK  

To tackle the rising energy costs that skyrocketed the price of living in the UK, the government has announced on the third of February a package of support in various schemes—energy bills discount, Council Tax rebate, and discretionary funding—worth £9.1 billion for the financial year 2022-23.

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Long awaited Windfall Tax

Long Awaited Windfall Tax 

You might be wondering what windfall tax is and why it is being imposed in the UK? The answer to this riddle is that a windfall tax is levied against companies deemed to have made excessively high profits, or a ‘windfall’, from circumstances they did not engineer.

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