science
Do you have to pay IHT before probate is granted?
Normally, IHT needs to be paid before probate can be issued. But where property is concerned, HMRC might accept staged payments until the property is sold...
Category: Science
science
Do I pay capital gains if I sell part of my garden?
When you sell your only or main home any profit on the sale is generally exempt from Capital Gains Tax as a result of Private Residence Relief (PRR). Your...
science
What happens when you have a VAT inspection?
During your inspection, HMRC officers will inspect your VAT records and day to day business records, including purchase books, till rolls, invoices, bank ...
science
Why have I been sent a self assessment letter?
Some self assessment taxpayers have received letters from HMRC asking for information to verify that repayment claims are not fraudulent. The letter state...
science
Can I claim tax relief on CSA payments?
Legally enforceable payments must be paid in full. You cannot deduct an amount from the payment. You can claim tax relief on the amount you have paid for ...
science
Does employer have to give P45?
By law your employer must give you a P45 – ask them for one. You can check how much tax you paid last year if you think you might have paid too much. Who ...
science
Do you charge VAT on services outside the UK?
If the place of supply of your services is outside the UK you should not charge UK VAT but, as you may need to account for the local tax, you’ll need to c...
science
Is common law marriage grandfathered in?
Is Common Law Marriage Legal? While common law marriage has been widely abolished, it may be established in several states (see sidebar). Some of these st...
science
Do higher rate taxpayers have to complete a tax return?
Higher rate taxpayers will generally have at least some savings, and so will have some investment income. Even if the amount of income is very small, they...
science
Can you live in Germany with a German passport?
German citizenship means you’ll be able to live in Germany indefinitely. This will give you the right to vote, consular protection, free movement and unre...
science
Can I live in Norway with a British passport?
British citizens can enter and stay in Norway and the Schengen area without a visa. You can stay in the Schengen area for up to 90 days during any period ...
science
What is it called when two companies come together to form a new company?
Merger: When two companies combine to form one new company. There is nothing left of the combining companies. Acquisition: When one company buys another a...
science
How do you value a house for capital gains tax?
Capital gains tax is based on the property’s market value at the time of the sale. Capital gains tax is based on the property’s market value at the time o...
