HMRC has not accepted personal credit card payments since January 2018 when credit card surcharges on personal credit cards were banned. However, HMRC continues to accept payments by corporate credit card or corporate debit cards. The use of these
Stamp Duty Land Tax (SDLT) is payable whether you buy a freehold property, a new or existing leasehold property or a shared ownership property. SDLT has been replaced in Scotland by the Land and Buildings Transaction Tax and in Wales by the Land
When an employer incurs costs for the provision of mobile phones to employees it is important to understand the correct tax treatment of these expenses. This includes costs for phones provided to employees and reimbursement of employee’s own phone
The settlements legislation is contained in s.624 ITTOIA 2005. The legislation seeks to ensure that where a settlor has retained an interest in property in a settlement that the income arising is treated as the settlor’s income for all tax purposes.
The Notification of Vehicle Arrivals (NOVA) is an online notification system for vehicles entering the country for permanent use on UK roads. You can use the service if you are: a VAT-registered business that does not use the secure registration
The Scottish rate of Income Tax (SRIT) is payable on the non-savings and non-dividend income of those defined as Scottish taxpayers. The definition of a Scottish taxpayer depends on whether the taxpayer has a 'close connection' with Scotland or
Is there mileage in the old adage that it is unwise to keep all your eggs in one basket? Most businesses build an expanding customer list; each customer a separate income stream for their business. Compare this with being employed; one employer,
The Supreme Court granted Ukraine permission to go to trial to avoid repaying USD 3 billion in loans. Facts: The Law Debenture Trust Corporation plc - the trustee acting on behalf of the Russian Federation- requested a summary judgement of its
The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. If you are using this scheme, you should ensure that rents received from lodgers during the current tax year do no exceed £7,500. The tax
One of the issues you will need to consider if you are starting a new business is the business structure. There are three commonly used forms to choose from, each with advantages and disadvantages. A sole trader - this is the simplest way of
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