๐๐ฏ๐จ๐ข๐ ๐ญ๐ก๐ ๐๐ซ๐๐ฉ๐ฌ ๐๐ก๐๐ง ๐๐ซ๐จ๐ฏ๐ข๐๐ข๐ง๐ ๐๐ฒ๐ ๐๐๐ฌ๐ญ๐ฌ ๐๐จ๐ซ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐๐ฌ
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๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ฌ๐ฌ๐๐ญ ๐๐ข๐ฌ๐ฉ๐จ๐ฌ๐๐ฅ ๐๐๐ฅ๐ข๐๐ โ ๐๐๐ฏ๐ ๐ฒ๐จ๐ฎ ๐๐ฑ๐๐๐๐๐๐ ๐ญ๐ก๐ ๐๐ข๐ฆ๐ข๐ญ?
HMRC have sent out nudge โOne to Manyโ letters to taxpayers who they believe may have claimed Business Asset Disposal Relief (BADR) in excess of the ยฃ1 million lifetime limit. Nature of the relief Formerly known as Entrepreneursโ Relief, BADR reduces the amount of capital gains tax that is payable where a person sells all
๐๐๐ค๐ข๐ง๐ ๐๐๐ฑ-๐ ๐ซ๐๐ ๐๐ข๐ฅ๐๐๐ ๐ ๐๐๐ฒ๐ฆ๐๐ง๐ญ๐ฌ
If you have employees who use either their own car or a company car for business mileage, you can pay mileage allowances tax-free up to certain limit. However, if you pay more than the permitted amount, the excess is taxable and liable to Class 1 National Insurance. The amount that you can pay tax-free depends
๐๐๐ฑ ๐๐ฆ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ ๐๐๐ซ๐ฆ๐ข๐ง๐๐ญ๐ข๐จ๐ง ๐๐๐ฒ๐ฆ๐๐ง๐ญ๐ฌ
The number of businesses closing down is steadily increasing. Many of those businesses will have staff, therefore the legal and tax position of any termination payment must be considered. Many assume that any amount up to ยฃ30,000 is tax free. However, this may not apply to all redundancy payments not least because termination payments will
๐๐จ๐ฎ๐ฅ๐ ๐๐ง ๐๐๐ ๐๐ ๐๐๐ญ๐ญ๐๐ซ ๐๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ? ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐๐ฌ & ๐๐ข๐ฌ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐๐ฌ ๐๐จ๐ฆ๐ฉ๐๐ซ๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
When setting up in business, most people weigh up the pros and cons of operating as an unincorporated business or a limited company. However, there is another option where more than two persons are involved โ to operate as a limited liability partnership (LLP). One of the main reasons for the government creating the LLP