and who might have simple wills or not even thought about their wills for a long time – those people leaving everything to their spouse, or to charity, on the basis that there was no tax to pay so there was no need to do anything really. The introduction of the Transferrable Nil...
We have huge tax issues, we’re always in dispute with HMRC. There are always huge numbers of industrial injury claims. Why do we want to put any stuff which could expose BT to any possible risk at all? It’s much easier to keep it closed if legally we’re entitled to. (28 May ...
her formal business was no longer viable. She therefore closed the premises down, informed the tax office (HMRC) that she was no longer in business, and continued her business activities from home on an informal basis. She had the advantage of already having...
In the UK, anyone who is self-employed needs to register with HMRC. You can choose to operate as either a sole trader or a limited company. Depending on which route you take, you’ll need to pay income tax and National Insurance contributions, corporation taxes. Insurance is another financi...
Perhaps first and foremost is that, depending on your location, you may need to consider the tax implications involved. In the UK, for example, you have to declare the money you make from a hobby to HMRC. However, there are some exceptions to this. The main exception being that you can...