After you’ve agreed to use a certified accountant, there are various administrative steps that need to be done to let HMRC know, and so that the accountant can do their job to the best of their ability. eir ability. We need to get various codes and reference numbers from you, and when we ask for […]
The UK is renowned for having one of the most complicated tax systems in the world. Once facet of this is VAT, or Value Added Tax, which is currently paid on the purchase of some items. An in-depth look at the rules – what is VAT-able and what isn’t – throws up some unusual findings. […]
Entrepreneurs Relief is a CGT relief available to taxpayers who sell or give away their businesses. Effectively, qualifying gains are taxed at 10%, rather than the normal rates (18%, 28%). It is available to the following people: Sole traders and partners selling the whole or part of their business. Company directors/employees selling a material stake […]
If you own your own home, there is normally no Capital Gains Tax (CGT) liability to pay on the sale of the property. This applies if two conditions are met: The property is the sellers only home, or main residence. If the seller owns a second property, the following applies to the property designated their […]
Looking for a London accountant you can trust? Look no further. At Howlader & Co we are fast, efficient and always fight our client’s corner – but you’d be shocked at some of the horror stories we hear. We’ve had to battle with HMRC to ensure one of our clients received hundreds of thousands of […]
The Enterprise Investment Scheme (EIS) can really help small unquoted companies because it allows them to raise capital by encouraging investment through a series of income tax and capital gains tax reliefs. The scheme is open to all companies and investors who meet the qualifying criteria, as set out here. Tax Reliefs Income Tax In […]
Given up trying to work out what difference the 2013 Budget will make to you? You aren’t the only one – there’s a lot to take in. So, following our initial thoughts last week, we thought it was about time we picked the whole announcement apart in more detail. Read on to find out who […]
Chancellor George Osborne announced the details of his 2013 Budget today – detailing changes to taxes and investments in a bid to boost the economy and reduce unemployment. The headline news is the raising of the personal tax free allowance to £10,000 to be introduced a year earlier than anticipated. It will now come into […]
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. Here is our guide to jury service expenses in the UK. Your employer has to let you attend the jury duty. They do not have to pay you for […]
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