Before we get into the thick of things in regards to VAT charged on mixed property, let’s find out what a mixed property is. Going by the legal definition in accordance to the UK laws, a property that has both residential as well as non-residential elements in it can be termed as a mixed property. … Continue reading A Brief Account of VAT charged on a Mixed Property in the UK
Before we get into an in depth discussion about Multiple Dwelling Relief, let us at first what it is. By lay man’s terms, it is an exemption provided by the HMRC to an individual, on the tax that is payable on the monetary transaction for the purchase of more than one dwellings. In fact, a … Continue reading What All Does an Accountant Need to Tell You about Multiple Dwelling Relief?
Thanks to the new Off-Payroll working rules, often referred to as the New Rules, which have come into effect on and from 6th April 2021, the professional accountants have their tasks cut out. They have the responsibility of guiding their clients to make the most of the new rules. Here is where, probably the advantage … Continue reading Roles & Responsibilities of Professional Accountants in Regards to New Pay-off Working Rules
Thanks to the COVID 19-triggered pandemic and the resulting lockdown, the economic scenario has seen a sea change in every aspect, prompting the governments from around the world to take steps on the economic front to deal with issues. The Govt. of the UK is no exception. It has brought in quite a few changes … Continue reading Things to Know About to Run Business in This Neo-Normal Pandemic-Ridden Scenario
It is said that every dark cloud has a silver lining. The current pandemic situation has acted as a severe curse for the entire world. Still, in one way or the other, it has revealed one good thing that has so far been left either unrealized or unaccounted for – it’s the benefits of cloud-based … Continue reading How Cloud-Based Accounting System Is Beneficial For Business during This Pandemic Period