The following Corporation Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
A franchise is the grant of a licence to carry on a copycat business by a business (the franchisor) to a purchaser (the franchisee). The franchisee would, for example, be able to use the brand, marketing strategy, buying power, etc of the business out of which the licence is granted. The benefit of operating a business in this way is that the franchisor benefits from an up-front and ongoing stream of fee income, whilst the franchisee generates profits without having to incur the time and expense of establishing a new brand and business model.
A useful source of information on franchising i
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Once a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the taxpayer.CorrectionHMRC has the right to amend the tax
Migration of tax credits to universal creditNew claims for tax credits are no longer possible as they have been replaced by the universal credit for all claimants. Existing claimants will continue to receive tax credits until they are migrated to the universal credit system. Migration will take
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marked the end of the Brexit transition / implementation period entered into following the UK’s withdrawal from the EU. At this point in time, key transitional arrangements came to an end and significant changes began to take effect across the UK’s
This guidance note provides an outline of the main trustee powers and duties. Although there is a degree of overlap between them, the term ‘powers’ usually refers to discretionary or optional actions which the trustees may take for the purpose of maintaining the trust and supporting beneficiaries.
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