Featured Articles
Featured Articles
Latest Guidance
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Corporation Tax

Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable Accounting Period (CAP).For more on whether the entity is within...

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Corporation Tax

Research and development definitionThe legislation defines research and development (R&D) as activities that fall to be treated as R&D in...

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Personal Tax

The personal allowance is a deduction against net income that is available to all UK resident individuals (and some non-residents, see below). The...

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Employment Tax

IntroductionFor a detailed analysis of the changes announced at Spring Budget 2020 in respect of homeworking, see the Measures announced at Spring...

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Owner-Managed Businesses

Whether or not a property qualifies as a furnished holiday let (FHL) can make an important difference to the taxation implications. In particular, the...

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Owner-Managed Businesses

Basis of contributionsDoctors and dentists may be both self-employed and / or salaried employees of the NHS.GPs provide services under a contract with...

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Corporation Tax

Assets bought on hire purchase (HP)If an asset (eg a machine) is acquired via an HP agreement, the company will simply pay for the asset over a period...

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Personal Tax

In addition to the personal allowance, blind individuals receive a further allowance (£2,500 for 2020/21; £2,450 in 2019/20). In order to...

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Personal Tax

The profits from the surrender of certain life insurance policies are treated as savings income (rather than capital gains) and taxed last after all...

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Owner-Managed Businesses

Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the...

Latest Guidance
Corporation_tax_img7
Corporation Tax

Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable Accounting Period (CAP).For more on whether the entity is within the charge to...

Corporation_tax_img3
Corporation Tax

Research and development definitionThe legislation defines research and development (R&D) as activities that fall to be treated as R&D in accordance with...

Personal_tax_img8
Personal Tax

The personal allowance is a deduction against net income that is available to all UK resident individuals (and some non-residents, see below). The basic personal...

Employment_tax_img7
Employment Tax

IntroductionFor a detailed analysis of the changes announced at Spring Budget 2020 in respect of homeworking, see the Measures announced at Spring Budget 2020 to support...

OMB_tax_img8
Owner-Managed Businesses

Whether or not a property qualifies as a furnished holiday let (FHL) can make an important difference to the taxation implications. In particular, the commercial letting...

OMB_tax_img7
Owner-Managed Businesses

Basis of contributionsDoctors and dentists may be both self-employed and / or salaried employees of the NHS.GPs provide services under a contract with the PCT for General...

Corporation_tax_img2
Corporation Tax

Assets bought on hire purchase (HP)If an asset (eg a machine) is acquired via an HP agreement, the company will simply pay for the asset over a period of time, normally...

Personal_tax_img
Personal Tax

In addition to the personal allowance, blind individuals receive a further allowance (£2,500 for 2020/21; £2,450 in 2019/20). In order to qualify for the...

Personal_tax_img10
Personal Tax

The profits from the surrender of certain life insurance policies are treated as savings income (rather than capital gains) and taxed last after all other income...

OMB_tax_img6
Owner-Managed Businesses

Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the Corporate debt ― overview...