Personal tax – when is income tax and capital gains tax payable?
Under self-assessment, an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
Under self-assessment, an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid…
We consider the statutory residence test and outline rules and records required. If you live in the Harrow area we,…
An outline of an employer's obligations to pay statutory payments such as Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP),…
We summarise the self assessment rules and penalties for failing to comply with your obligations. If you live in the…
Calculate the standard rated VAT that has been paid or will be paid on amounts entered. Starting Figure (£): …
IHT may be payable when an individual's estate is worth more than the IHT nil rate band when they die.…
Enterprise Investment Scheme (EIS) The Enterprise Investment Scheme (EIS) provides tax relief for individuals prepared to invest in new and…
Personal Pensions are common types of 'registered pension schemes' which allow members to obtain tax relief on contributions into the…
Rates Income tax applies to the amount of income after deduction of personal allowances. Income is taxed in a specific…
Registered businesses charge Value Added Tax (VAT) on their sales. This is known as output VAT and the sales are…
Venture Capital Trusts (VCTs) offer similar tax breaks to individuals as the Enterprise Investment Scheme. VCTs are managed by a…
Making Tax Digital for VAT (MTDfV) fundamentally changes the way in which businesses keep VAT records and submit VAT returns.…
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