The bottom line is that if you are a tax payer who wins at spread betting (or any other forms of gambling for that matter!) you should not be liable for tax on winnings. If you do not have any other regular taxable income other than gambling you will probably be classified as a prof...
ABenefit in Kind(BIK) is any non-cash benefit of monetary value that you provide for your employee. These benefits can also be referred to as notional pay, fringe benefits or perks. The benefits have monetary value, so they must be treated as taxable income. ...
Businesses that generate some or all of their own energy (using solar, and wind turbines for example) and make money by selling excess power back to the grid, will usually be classed as small generators and are exempt from this charge. CPS is charged on: Gas. LPG. Coal and other solid...
Yes, severance pay is taxable in the year that you receive it. Your employer will include this amount on your Form W-2 and will withhold appropriate federal
The profit or loss arising from the re-evaluation at fair value is immediately posted to the income statement. When a derivative is designated as a hedge for cash flow variations of a recognized asset or liability, or of a highly probable, expected transaction, the effective share of profit ...