Tag Archive

Different Classes of Ordinary Shares

Published on September 24, 2014 By admin

Majority of the companies have just the ordinary shares. They carry one vote per share, are entitled to participate equally in dividends and, if the company is wound up, the ordinary shareholders will share the proceeds of the company’s assets after paying all the debts However, there are some instances where companies create different classes of ordinary shares, e.g. […]

Autumn Statement; Key Points to Take for Businesses

Published on December 7, 2012 By admin

The autumn statement delivered by the chancellor is not the most looked forward autumn statements in the recent history. Following are some highlights from his speech. Fuel The 3p-a-litre increase in fuel duty, planned for next January, is cancelled

Inheritance Tax Relief When Property Prices Go Down

Published on July 27, 2012 By admin

Selling a house on someone else’s behalf in a shrinking market can lead you to a huge inheritance tax bill. But what are the options available for you to reduce the inheritance tax payable?

Claiming Tax Reliefs

Published on July 13, 2012 By admin

Have you ever thought of claiming a tax deduction for your birthday gift? According to the laws of HMRC, you can freely do so provided that they are used for business purpose. If you spend money on your business, you can expect set off the cost against your tax bill. But as with all other […]

Budget 2012; What Does it Mean to You

Published on March 22, 2012 By admin

For individuals The income tax personal allowance is set to rise again, not just as scheduled in April 2012, but next year too. It will go up further in April 2013 to £9025.00. This is a step forward towards raising it up to £10000.00. On the otherhand, the 50p tax rate is to be brought […]

Budget 2012; Key Points at a Glance

Published on March 22, 2012 By admin

Income tax Personal allowance to be raised up to £9,205 from April 2013; this is a move according to the government that will make 24 million people £220 a year better off. But 300,000 more people will be drawn into the higher rate – 40% – tax band from 2013/14 as the threshold is brought […]

Tax Return Tips and Advice

Published on December 23, 2011 By admin

Deadline for filing your tax return For individuals in the UK, the deadline for filing your paper tax return is 31 October each year.  For online filing of tax returns the deadline is 31 January each year. If you happen to file you paper tax return after 31 October or your online tax return after […]

Tax Evaders to Face Fresh Crackdown

Published on November 9, 2011 By admin

People who own foreign properties and have evaded tax all this time will come under the microscope by the UK tax authorities. People with between £2.5m and £20m in wealth and homes abroad will be the first to be targeted by a recently established unit of tax inspectors. HM Revenue & Customs (HMRC) expresses hope […]