In a recent research it was found that more than two-thirds of people in the UK don’t have a Will. A lot of people believe they are either too young to write a Will or that it’s too costly or they don’t have enough assets to make writing a Will worthwhile.
By the end of 2017, approximately £18.9 billion was the approximate value of pure invoice finance balances of businesses in the UK. The popularity of invoice finance and asset based lending in the UK showed no signs of diminishing in early 2018, with over 40,000 companies estimated by UK Finance to have used an invoice finance and asset based lending arrangement at the end of March 2018.
Petroleum Revenue Tax (PRT) is a tax on the profits from oil and gas production in the UK or on the UK continental shelf.
Meaning of holding company varies as per the context it is being used. However, as per the Companies Act, a company is a holding company
As per the UK Law, company administration refers to a situation where a company is under debt and not able to repay it to its creditors and under such circumstance, the management of the company shifts from its board of directors and is replaced by a licensed insolvency practitioner.
Child care cost calculator helps you in calculating the child care cost as it gives you an idea or an estimate of how much money you should keep aside for care of your child.
Every employee is assigned with a tax code by his employer. By putting the tax code into the payroll software, employer can work out how much amount of tax will be deducted from the salary of the employee throughout the year.
Self-assessment is a process of reporting your income and paying tax to HMRC. The deadline for paying tax in a paper form is 31st October 2018 and for online payment, it is 31st January 2019 for the tax year 2017-18.
VAT payment deadline means the last date of paying VAT returns to HMRC.The due date of submission of your VAT return is generally 1 month & 7 days after the completion of VAT period.
It is not an uncommon scenario to see most of the self-employed people struggling with understanding how self-assessment works, especially with the fact that your return covers the previous tax year and not the current one and if you don’t want to be on the wrong side of HMRC, it is important for you to understand what is self-assessment and how you need to file it.
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