If you are thinking about selling your business, shares or assets, there is a high chance you would have to pay a large percentage of your profit towards Capital Gains Tax (CGT).
What Is Entrepreneurs’ Relief and How Does It Work?
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Benefits of Being VAT Registered
Value-Added Tax (VAT) is a consumption tax applied on most of the goods and services sold in the UK. Currently, the standard rate is set at 20%, along with a reduced rate of 5% and 0% on certain goods and services. This VAT is collected by businesses on behalf of HMR...
How to Get a Tax Rebate – All You Need to Know
If you think you have paid too much tax this year, you are not alone. Like yourself, millions of UK taxpayers overpay every year, and often without realising it. This can happen due to a number of reasons for example if you are changing jobs or taking a break f...
List of Tax Codes and What They Mean – A UK Payroll Guide
Tax Codes in the UK refer to a series of numbers and alphabets used by HMRC to determine how much income tax needs to be deducted from your earnings. These codes are used to reflect on an individual’s tax-free allowance and any other additional income that requires ...
Does a Limited Company Have to Be VAT Registered?
The term Value Added Tax (tax) refers to a consumption tax imposed on goods and services in the UK. It can be charged at different rates such as standard, reduced and zero-rated rates. Businesses that meet certain criteria must register themselves for VAT, charge it...
National Insurance Changes and Rising Employment Costs in Hospitality: Best Practices for Compliance and Savings
The UK hospitality industry is currently facing significant shifts in employment costs, driven by recent National Insurance (NI) changes, increased minimum wages, and rising operational expenses. These changes place additional pressure on restaurants, bars, and hotel...