Devolution of tax powers within the UK
It may feel like we’re living in increasingly uncertain times ever since the UK voted to leave the EU.
It may feel like we’re living in increasingly uncertain times ever since the UK voted to leave the EU.
Anyone whose business comes under the Revenue’s microscope is usually in for a roller-coaster ride.
Once again the speech was light on headline-grabbing finance changes and there were no ‘giveaways’ or major surprises.
The patent box regime applies a reduced rate of corporation tax to profits attributable to qualifying patents and similar intellectual property (IP).
Rising property prices have left more families being elevated to millionaire status and dealing with the inheritance tax (IHT) implications that come with it.
Employers need to keep an eye on changes affecting payroll so all employees have the right amount of tax deducted under PAYE. This is a round-up of the latest payroll-related developments.
As the owner and director of your own company, you can choose how and when to extract funds from your company. As almost all the funds you take out will create a tax charge in your hands, you may want to leave a proportion of the money in the company until you really need it.
It’s more important than ever to start your retirement planning from an early age, however dull a prospect that may sound to younger generations.
When you buy an item with the intention of selling it for a profit, that transaction is treated as a trade and you should pay income tax on the profit you make on the sale.
Starting a business is rarely glamourous. Many of the globe-straddling behemoths of the business world had low key beginnings.