Stamp duty on land and properties is the tax that is paid on properties that cost over £125,000 in the UK. This simply means that when an individual buys their first property that costs less than £125,000, they do not have to pay stamp duty. The rate of stamp duty…
NOW THAT YOU ARE CAUGHT UNDER IR35 LEGISLATION, WHAT NEXT? It is not news again that the IR35 legislation is changing from April 2020. If you would like to read about these changes you can click or watch a video kindly click In this blog post, I have explained 7…
Are you selling residential properties in 2020? There are proposed new changes to declaring capital gain on residential property sold from April 2020. These changes will be very massive and would affect individuals selling residential properties. Who will be affected when selling residential properties? People affected by these changes include…
The IR35 legislation is a legislation that has been used by HMRC since 1999 as an anti-avoidance tool for contractors that run their business through a limited company. Since April 2017, The HMRC introduced some new changes to the way IR35 was applied in the public sector. How IR35 legislation…
Personal tax account, a new tool created by HMRC. Personal tax account is one of the new tools that HMRC is using to apply to make tax digital for Individuals. HMRC are investing so much on technology and innovation and they launched out using dynamic coding for PAYE(pay as you earn)….
The new tax year comes with different compliance requirement which includes changes in the tax code. In Uk, the tax year begins on 6th of April every year.I would be explaining some of this changes. The tax code in the new tax year. In 2018/19, the personal allowance for every individual…