And since they were housebound and not online the easiest way for them to pay me was via cheque. Normally that would mean a visit to the bank in order to deposit to my account, but it actually gave me a chance to try out an online banking feature I’ve been unable to use before. ...
Finally, as I understand it (as a non-parent) the child benefit is always paid to the mother. It should be clear from my notes that either parent can be hit by the High Income Child Benefit charge, though – which is bound to cause some unintended consequences, given the multiplicity of...
QROPS – HMRC Introduces changes that create havoc in the market place QROPS – All Change From April 2012 Liva & Laia : 15th NovemberBusiness How to Guides & Articles23 articles found >> Find out more in our 'Business' Forum <<How should I class my Business for Tax Purposes ? There ar...
You can go down the digital entrepreneurship route and take advantage ofawesome passive income ideasto boost your residual income. Or you could go for a classic brick and mortar retail business on the high street. The choices are endless so its important for you to do your research into your...
You can also check this via the HMRC app. This will tell you how much State Pension you could get, at what age and how you might be able to increase it. Those who are eligible have until 5 April 2025 to pay voluntary contributions to make up gaps in their NI record between 6 April...
Check out my favourite picks- Introduction to mileage allowance relief Mileage reliefis a HMRC tax refund to deduct business travel costs from your income. Basically, you can reduce the amount of payment that taxes pay you. Your general business costs (including business mileage) can be deducted...
You’ll have to pay taxes on the profits if you sell an NFT. United Kingdom In the UK, Her Majesty’s Revenue and Customs (HMRC) is the department responsible for tax collection. Although there is no public HMRC guidance on the UK tax status of NFTs, it’s a good bet that they’...
If you have a sneaking suspicion you’ve got an old savings account with money in it, head to mylostaccount.org.uk to track it down. 28. Learn a new skill Why call a professional to paint your living room or put up shelves when you can do it yourself? If you need a refresher on...
your personal and business finances are kept entirely separate (unlike the sole trader route). Unlike life as a salaried employee, you are now responsible for overseeing your obligations, by registering to pay tax on your company income, and ensuring that anyliabilities are paid to HMRCon time...
TheStatutory Residence Testis the process that determines the UK tax residence status of individuals with connections to the UK, whether they live in the UK or not. It was introduced by HMRC on April 6th 2013. The Statutory Residence Test, while complex, is vital for understanding your UK tax...