What is capital gains tax? Capital gains tax (CGT) is a tax on the profit when you dispose of a chargeable capital asset. The common way for a person to...
Do I need to file a tax return?
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As per the HM Revenue and Customs (HMRC) guidelines, you must submit a tax return if any of the following applies: You are self-employed You have untaxed income of £2,500...
Taxable Income bands and corresponding rates
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Taxable Income bands and corresponding rates 2015/16 2016/17 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate of saving income 0% 0% Dividend ordinary rate...
UK Votes to leave the EU
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The move will not have immediate legal and tax consequences for multinationals with UK operations. In longer term however, the landscape may change significantly for the UK, in terms of...
Budget Highlights 2017
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Budget Highlights 2017 Income tax The personal allowance for the tax year 2017/18 has been increased to £11,500. Class 2 and Class 4 National Insurance contributions (NICs). Budget Highlights 2017...
The Marriage allowance
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The Marriage allowance The marriage allowance was introduced to take effect from the tax year 2015/16. The marriage allowance allows certain individuals who are married or in a civil partnership...
Budget Highlights 2017
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Budget Highlights 2017 Income tax The personal allowance for the tax year 2017/18 has been increased to £11,500. Class 2 and Class 4 National Insurance contributions (NICs) The government will...