by Premier Accounts | Oct 19, 2021 | Uncategorized
How your status affects the amount of tax you pay. For most UK citizens, the question of what income and gains should be included on their tax return is easily answered because they are both UK domiciled and UK tax residents. Anyone domiciled and resident in the UK...
by Premier Accounts | Oct 19, 2021 | Uncategorized
Three grants worth up to £21,570 are taxable. A chunk of time has passed since the self-employed income support scheme (SEISS) was launched in May 2020, following the onset of the COVID-19 pandemic. The first taxable grant, worth up to £7,500 in total, was...
by Premier Accounts | Sep 1, 2021 | Uncategorized
The Government could be set to raise National Insurance contributions (NICs) by 1% for both employers and employees, a report has claimed. The Times claimed senior ministers have agreed to increase rates to raise an extra £10 billion a year for the National...
by Premier Accounts | Sep 1, 2021 | Uncategorized
The self-employed have until the end of the month to apply for the final grant available via the self-employed income support scheme (SEISS). Everyone who is eligible for the last SEISS grant should have received a personal start date from HMRC in recent...
by Premier Accounts | Sep 1, 2021 | Uncategorized
What might this mean for your business? Unincorporated businesses could be about to see significant changes to the ways in which they are taxed, following the launch of a Government consultation. The Government plans to reform the basis period rules in a bid to...
by Premier Accounts | Sep 1, 2021 | Uncategorized
How the third sector is assessed for tax. Anyone who’s involved in operating a charity knows how it differs from running a business, both in terms of motives and objectives. HMRC treats non-profit organisations and charities very differently to businesses, offering...
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