health
Can you change from self-employed to limited company?
In order to make the switch from working as a self-employed individual, to operating through your own limited company, the following steps must be complet...
Category: Health
health
Can a UK branch register for VAT?
If you’ve got a business establishment in the UK (including a branch or agency) or you usually live in the UK and you only make supplies to customers outs...
health
Is company car a taxable benefit?
A company car is a car made available by the employer for the private use of an employee. Private use includes ordinary ‘home to work and back commuting j...
health
Is VAT charged on online courses?
Fully online courses, with non-matriculated learners, are classified as ‘digital services’ and their income is subject to VAT (currently 20%). This levy a...
health
Can I return to a company after voluntary redundancy?
No, there is no restriction on an employer re-employing an employee who has taken voluntary redundancy. The employer should be cautious if there is no bre...
health
How long does a HMRC debt last?
How long can HMRC chase a debt? If HMRC launches an investigation into your finances, they can chase a debt which as old as 20 years. However, the standar...
health
Can an executor of a will be left anything?
When making a Will, people often ask whether an Executor can also be a Beneficiary. The answer is yes, it’s perfectly normal (and perfectly legal) to name...
health
What will the new tax code be for 2021?
The standard tax code for basic-rate tax payers (those earning between £12,501 and £50,000) has changed for the 2021/22 tax year. It’s the most common tax...
health
How much money would I have if I saved 50 a week for a year?
“It’s $2,600 a year, but when you start adding in interest, it grows very quickly.” For example, the Consumer Federation of America calculated that if you...
health
Do I have to report a 15k gift?
In 2020 and 2021, you can give up to $15,000 to someone in a year and generally not have to deal with the IRS about it. If you give more than $15,000 in c...
health
Do you pay tax when you sell an ISA?
Dividends received by pension funds or received on shares within an ISA are tax free and won’t impact your dividend allowance. Also, any profit you make w...
health
What is fixed protection?
Fixed protection is the simplest form of protection: it simply means that you get to keep the old, outgoing standard lifetime allowance figure. Therefore:...
health
Is front pay considered compensatory damages?
A distinction is to be made between front pay, which is an equitable remedy, and the loss of future earning capacity, which is in the nature of compensato...
