Category: Other

Self-Assessment Tax Return – Penalties

Self-Assessment Tax Return – Penalties

As most of us know HM Revenue and Customs (HMRC) is UK’s Government department for dealing with the state taxes for all individuals & businesses, it collects the money paid by the UK public and assists targeted families and people with financial support. HMRC runs a system called Self-Assessment for collecting income tax. How to […]

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limited company

Buying a Car through Limited Company

If Company Buys: On Full Payment If you buy a new car through your company then it will attract capital allowance. The amount of capital allowance will depend on the amount of CO2 emission by the car. If CO2 emission is 75g/km or less (50g/km from April 2018) then the capital allowance (First Year Allowance […]

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PAYE accountants

Stamp Duty

Stamp Duty Land Tax (SDLT) is a tax paid by anyone who purchases a property or land in England, Wales and Northern Ireland. The existing SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties. If the Property is freehold then following SDLT rates are applicable: Residential Property Rates Non-residential and […]

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