If you are non-resident, but are still receiving income taxable in the UK (such as from employment, rental, or interest or dividends), you may be entitled to the same amount of tax-free personal allowance as UK residents receive. Whether you are entitled to it or not depends on your nationality and country of residence. Those […]
If you are called for jury duty, you can claim a certain amount of expenses for things like travel, lunch and refreshments, and loss of earnings. Your employer has to let you attend the jury duty. They do not have to pay you for the time taken off, however. If they do not pay you, […]
Name one successful businessman who refuses to value attention to detail. Struggling? Me too. Serious businessmen demand the same thing from their accountants. And rightly so. There are countless tax reliefs and charges – it’s a minefield out there if you don’t know what you are doing. But a good accountant will guide you through […]
Today, the government announced it’s plans for further state pension reform (in addition to the automatic enrolment, which I’ve discussed here). The key headline is the introduction of a flat rate state pension set at £144 per week, in today’s money, to start from April 2017 (which will likely equal £162 per week). Flat Rate […]
As of today, changes to child benefit have been introduced that will mean that over one million families will lose some or all of their child benefit. Those people with an individual income of over £50,000 lose part of their benefit, and it will be fully removed if they are earning over £60,000. One thing […]
Often, if you are employed by a foreign company, you will be living and considered resident there for tax purposes, and will not be liable to UK tax on those earnings. In some unusual cases however (for example, pilots) you may be living and resident, ordinarily resident and domiciled in the UK, whilst still performing […]
This week the newspapers have been following the proceedings of the appearance of representatives from Starbucks and Amazon in front of the Public Accounts Committee. The UK based operations of these big multinational companies have managed to avoid paying more than a minimal amount of corporation tax to the UK through a variety of systems […]
Workplace Pensions http://www.youtube.com/watch?v=w4SjIcHbdMo&feature=g-upl Starting from October 2012, if you meet certain criteria, you will be automatically enrolled in a workplace pension scheme. This is to ensure that enough people are saving enough money for their retirement, as many face the risk of a steep fall in their quality of life once they retire (the State […]
One of the lesser well known services that we provide as chartered accountants in London is the production of letters confirming income or savings, for various different purposes. One of the more common is for those applying to the UK Border Agency (UKBA) for a Tier 1 visa. What do I need to prove for […]
Should I buy or lease this? Which is better for tax purposes? Just some of the common questions we receive from our clients about equipment for their company. Hopefully this blog will help solve those questions that you have about this topic as well. Buying The simplest situation – in this case, you buy the […]