Corporation tax is a corporate tax payable by limited companies in the UK. It is deducted from the yearly revenues and capital gains of the companies. To be eligible to pay Corporation Tax to HMRC, company directors must register their firms at the time of trading. The date on which the tax has to be … Continue reading Improving Cash Flow to Help Pay Corporation Tax Bill
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The aftermath of the Post Office Horizon scandal has naturally affected many employees. However, along with the plan to overturn their convictions, the government has assured compensation. However, the tax treatment for the compensation will now be part of the new legislation. Sub-postmasters cannot apply to a single compensation scheme since there is none. The … Continue reading Post Office Compensation – What’s the Latest?
Filing a tax return is one of the most crucial annual financial responsibilities of a taxpayer in the United Kingdom. It is imperative that every business as well as individual in the United Kingdom undertakes this responsibility in time and abide by the legal obligations. Unfortunately, despite all the importance that is associated with the … Continue reading Penalties for Not Reporting a Tax Liability
