Posted in Capital Gains Tax
Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions whereby someone sold shares one day and bought them back the next morning. This used to have Capital Gains Tax (CGT) benefits by crystallising a gain
Continue readingPosted in Corporation Tax
The Company Unique Taxpayer References (UTR) is the primary identifier for the company and should be used whenever HMRC is contacted and when tax returns are filed.
When a new limited company is registered, Companies House will inform HMRC of the
Continue readingPosted in Income Tax
There are a number of reasons why you may need to register with HMRC to submit a tax return. This could include:
if you are self-employed and earning more than £1,000 per year from the self-employed activity,
if you are a company
Posted in Payroll
The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1 April 2019. The NLW first came into effect on 1 April 2016 and is the minimum hourly rate that must be paid to those aged 25 or over. The new rate for the
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