Capital Gains Tax or CGT is that tax that is paid on profits that are made when an asset is sold or disposed of. The gain is what is taxed and not the amount that has been received on the asset. CGT comes into play when assets like personal posses...
August 24, 2021
Passing on one’s belongings be it monetary gifts, jewellery or property is the one solace to moving beyond the veil. However, the best distribution of that inheritance doesn’t just mean the proper allocation among your close ones by th...
August 09, 2021
Electric vehicles are considered safer for the environment considering that they would aid in carbon emission reduction. However, the downside is that they would need to be charged. For this a proper charge point would need to be installed for the...
April 26, 2021
With the new tax year ushering in and the pandemic still at large employers and business people are all in a classic catch-22 as they wonder what the new tax year will bring. However, the government still stays supportive as the extension of furlo...
April 13, 2021
The year 2021 though off to a rocky start thanks to the persistence of COVID-19 still retains some semblance of hope. Business owners have shown a resilience and touch of bravery that has helped keep the economy from crash landing. In the current ...
February 15, 2021
Steps to be considered if you hold an invalid VAT invoice
To claim input tax, VAT registered businesses in the UK have to furnish valid VAT invoices as evidence. All VAT registered businesses in UK must issue a valid VAT...
February 12, 2021
New rules were expected at the end of the Brexit transition period. And the same are clear now. Till Dec 2020 tax relief was there on import VAT if the amount was under £15. This was known as LVCR - Low-Value Consignment Relief. No import VA...
February 09, 2021
With the self-assessment online deadline moving ever closer the panic amongst people is increasing. However, it isn’t just the deadline that people should fear as criminals are trying to reap the benefit of this paranoia to get customers to ...
February 06, 2021
One year of the pandemic down and still there appears a lot still to be learnt about the virus as COVID-19 has morphed into a whole new dodgy variant swiftly infecting the masses. But life cannot come to a standstill and so despite lockdowns and r...
February 04, 2021
Accountancy services have evolved considerably from what they were at the start of the year 2020 to what they are in 2021. The Covid 19 pandemic has just completed a year but what a year of tremendous change it has been! Accountancy no longer rema...
January 29, 2021