Tag: company accounts

HMRC Self Assessment Tax Returns Penalties

HMRC Self Assessment Tax Returns 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 tax return for collecting income […]

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How to Change Service Address for Limited Company Registration

How to Change Service Address for Limited Company Registration

Are you running your business, and want to officially register it as a Limited Company? The registrar of all the UK businesses; “Companies House” requires you to provide a service address of each of the director, PSC, secretary and member of the company (Ltd, LLP). This address is part of the public information and available […]

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A Brief Introduction of UK Taxation System

A Brief Introduction of UK Taxation System

Know about a Brief Introduction of UK Taxation System UK government collects revenues mainly from: Income tax, National Insurance contributions, Value-added tax (VAT), and Corporation Tax Income Tax An income tax is a tax that governments impose on income generated by individuals or entities i.e. wages, salaries, commissions, dividends, interests, rents, etc. The income Tax […]

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Capital Gains Tax

CORPORATE TAX RATES – 2013-14

CORPORATE TAX RATES – 2013-14 Rates for financial years starting on 1 April  Rate 2013 Small profits rate* 20%* Small profits rate can be claimed by qualifying companies with profits at a rate not exceeding £300,000 Marginal Relief Lower Limit £300,000 Marginal Relief Upper Limit £1,500,000 Standard fraction 3/400 Main rate of Corporation Tax* 23% […]

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