Monthly Archives: April 2018

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HOW TO PAY SELF ASSESSMENT BILL

It is a widely known fact that the deadline for payment of self assessment bill is 31st January each year. This is the date by which HMRC should receive the funds and not the deadline of your dispatching them.  So…

What is a P50 form?

A person may cease to work due to a number of reasons and circumstances. It may include retirement, redundancy by employer, return to education, cessation of a contract term or being unemployed. For purposes of tax, HMRC counts from 6th…

WHAT IS CAPITAL GAINS TAX GIFT HOLD OVER RELIEF?

If you transfer business assets or in some cases shares to the buyer at less than present value to help him/her, you can claim Gift Holdover Relief. Essentially Gift Hold Over Relief means you do not have to pay capital…

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