The following Personal Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
New claims for tax credits are no longer possible as they have been replaced by the universal credit for all claimants.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 place when a change in circumstances is reported. Until January 2021 it was possible for those claimants who were entitled to claim severe disability premium to make a new claim for tax credits. This is no longer possible, and all such claimants are directed to make a claim for universal credit. For further information, see the CIOT’s Low Income Tax Reform Group.
See the Universal credit guidance note.
Tax credit claims which are not yet migrated to the universal credit system are renewed annually. A claimant will be invited to renew their claim by being sent a renewal pack e
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This guidance note explains the main scenarios where UK companies (other than financial institutions, etc) must withhold tax at source on payments of interest and how this is dealt with in practice.Obligation to withhold income tax from certain paymentsWhen UK companies, or partnerships of which a
IntroductionA company that is not resident in the UK will only be subject to UK corporation tax if it carries on a trade in the UK through a permanent establishment. Where it does so, it will be subject to UK corporation tax on all profits that are attributable to the UK permanent establishment.
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