lifestyle
What are the disadvantages of buying a freehold property?
The disadvantages of a freehold Freeholds are often more expensive, as you own the land as well as the property. They also usually refer to houses rather ...
Category: Lifestyle
lifestyle
Can I complete my tax return online?
You can file your Self Assessment tax return online if you: are not self-employed but you still send a tax return, for example because you receive income ...
lifestyle
Is PAYE the same as employed?
As an employer, you normally have to operate PAYE as part of your payroll. PAYE is HM Revenue and Customs’ ( HMRC ) system to collect Income Tax and Natio...
lifestyle
What is freehold management?
A Freehold Management Company (“FMC”) is unique in bringing together flat-owners who share a building separated into individually owned and occupied units...
lifestyle
Do you get a lump sum when made redundant?
Statutory redundancy pay and contractual redundancy pay Statutory redundancy pay is the legal minimum. Your employer can’t pay you less than this. This is...
lifestyle
How much do hospital doctors earn UK?
Doctors in specialist training start on a basic salary of £37,935 rising to £48,075. The basic salary for specialty doctors ranges from £40,037 to £74,661...
lifestyle
Do you pay Council Tax over 10 months?
A standard Council Tax bill is payable over 10 months from April to January, usually on the first of each month (other dates are available by Direct Debit...
lifestyle
Can a company pay life insurance for a director?
Life Insurance Available Company Directors Business leaders can avail of a life insurance policy called Corporate Company Directors Insurance. This policy...
lifestyle
Does the UK have a double taxation treaty with Italy?
The treaty for the avoidance of double taxation between Italy and the United Kingdom (UK) was signed in 1988. The provisions of the agreement became appli...
lifestyle
Do you pay VAT on sponsorship money?
If a charity receives corporate sponsorship as above, VAT will be due unless the sponsorship is part of a fundraising event. Charities should therefore en...
lifestyle
Do tax credits automatically renew in April?
You must renew your tax credits by the date shown on your renewal pack. For most people, the date is 31 July 2021. If you miss the deadline your tax credi...
lifestyle
How does HMRC know if you owe tax?
Yes, HM Revenue and Customs can see how much you earn, from your pay as you earn (PAYE) records and the information you provide on your self-assessment ta...
lifestyle
Do non UK residents get CGT allowance?
If you’re abroad You have to pay tax on gains you make on property and land in the UK even if you’re non-resident for tax purposes. You do not pay Capital...
