world news
Do driving instructors get taxed?
DO DRIVING INSTRUCTORS PAY TAX? Yes. The average income for driving instructors is around £1,600 per month after expenses. How old can a driving instructo...
Category: World News
world news
Can you claim VAT on prizes?
Prizes of goods and services in exempt betting and gaming should be treated as part of the exempt supply and no output tax is due on such prizes. Any VAT ...
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Do you get a reminder for road tax?
If you’re not sure when your tax is due, you can check with us at any time using our Check if a vehicle is taxed service. You’ll still get a paper Vehicle...
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Who is responsible for underpaid PAYE?
In most cases, the taxpayer simply has to pay the amount owed. You get 12 months to pay and you can get an extension for up to 36 months. There is no inte...
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Do you get better taxes married or single?
Separate tax returns may give you a higher tax with a higher tax rate. The standard deduction for separate filers is far lower than that offered to joint ...
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Do I have to pay tax on shares given to me?
You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) shares or other investments. Shares and investments yo...
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Do I need to declare foreign bank accounts UK?
No matter for what purpose you use your foreign bank account, you must declare it to HMRC. Remember that you’re taxable on your worldwide income, profits,...
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Is mileage allowance classed as income?
Taxable benefits included in employment income are broadly the cash equivalent of company cars and fuel, taxable expenses payments and mileage allowances,...
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Does unit trust have maturity?
Unit trusts are open-ended and are divided into units with different prices. These prices directly influence the value of the fund’s total asset value. Be...
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How long British can stay in Australia?
How Long can UK Citizens stay in Australia with the ETA? The maximum stay is 90 days Per Entry and you will have Multiple Entry. Is Australia before or af...
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Is a furnished holiday let residential property for CGT?
However, a furnished holiday let as a business asset can benefit from Business Asset Hold-Over Relief, under section 165 of the Taxation of Chargeable Gai...
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Do managing directors get bonuses?
MDs, depending how well their particular group head is doing, typically get a bonus between 70% and 150% of their base salary. “At the top end, you’d have...
world news
What happens if you are overpaid Housing Benefit?
A Housing Benefit overpayment is any amount of Housing Benefit that is paid to somebody where there was no entitlement. If you are overpaid Housing Benefi...
