Personal tax

Self-assessment system in Uk

THE SELF-ASSESSMENT SYSTEM IN THE UK

Self-assessment system is used by the HMRC to administer and collect tax from taxpayers in the UK. Most UK taxpayers’ tax is collected at the source, however, some taxpayer under this system have to administer their tax by themselves. If not administered well, they are given penalties and made to pay interest on unpaid tax. […]
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Taking the offer before it is too late

By Ola Sulaimon IN the UK, individuals that earn income from letting property normally pay tax on their rental income. The tax would be applied on the rental profit rather than the rental income. At Ronzl accounting firm in the United Kingdom, we also support individuals that are trying to take advantage of the property […]
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Starting a new business,taking on a new challenge!

NEW YEAR, NEW YOU!

Starting a new business, taking on a new challenge! As we start the New Year, we might feel that we need to start a new business. As a result, this decision might be you quitting your old job and starting a new business. What to do as you leave the old and start a new […]
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Overpayment relief

WHAT TO DO WHEN YOU PAY TOO MUCH TAX.

When a business or individual pays too much tax in a year they could claim a relief referred to as Overpayment relief. To be able to make this claim, it must be made in writing within 4 years after the relevant tax year. To make this claim, certain conditions must be met. Conditions for Overpayment […]
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