Please note that Income Tax is a tax on income, however not all income is taxable and you are only taxed on your so-called taxable income.
Please note that Income Tax is a tax on income, however not all income is taxable and you are only taxed on your so-called taxable income. You might need to complete a Self-Assessment Tax Return if any of the following applies to you:
Our services include:
Become a company director
Receive income from land and property in the UK
Receive taxable foreign income in Excess of £300 a year
Receive annual income from trust or settlement
Your annual income exceeds £100,000
Receive untaxed income that has not been collected through PAYE
Income is above £50,000, you and your partner wish to claim Child Benefit Payments
Have Capital gains tax to pay
Our dedicated tax team can assist you to complete a tax return. If you are not yet registered for Self-Assessment, our team will be able to assist you in obtaining a Unique Taxpayer Reference (UTR) after considering your circumstances in detail. If you are unsure, please do not hesitate to contact us.
Corporation tax is charged on the profits of UK resident companies, the vast majority of which are formed in the UK. Corporation tax is levied directly on the profits of the company and is payable by the company.[…]
Capital Gains Tax (CGT) was introduced at the same time as corporation tax in 1965. In broad terms, it is charged on capital gains, defined as chargeable gains accruing to a person on the disposal of an asset (Taxation of Chargeable Gains Act 1992 (TCGA 1992), s 1), whereby the gain would arise if the disposal value is greater than the acquisition value.[…]