(4) During the tax year 2015–16, Ashura contributed ￡2,800 into Rift plc’s HMRC registered occupational pension scheme and ￡3,400 (gross) into a personal pension scheme. Self-employment (1) Ashura’s tax adjusted trading loss based on her draft accounts for the nine-month period ended...
As a company director, you also have great flexibility over when to take income out of the company, which has further tax planning benefits. You can also benefit by transferring some shares to your spouse (if appropriate). Directors pay personal tax (on dividends and other income) via the a...
It’s a small thing, but a special groan for Interactive Investor for not being able to take SIPP platform charges directly from your SIPP, but rather making you pay them separately from your bank account. Doing so likely increases your effective post-tax platform cost by between 25-67%, ...
(b) Calculate Simon House’s income tax liability and his Class 2 and Class 4 national insurance contributions for the tax year 2008–09, if he is treated as carrying on a trade in respect of the disposal of the freehold house.(8 marks) (c) Calculate Simon House’s capital gains tax ...
(4) During the tax year 2015–16, Ashura contributed ￡2,800 into Rift plc’s HMRC registered occupational pension scheme and ￡3,400 (gross) into a personal pension scheme. Self-employment (1) Ashura’s tax adjusted trading loss based on her draft accounts for the nine-month period ended...
In addition, each director nearly always has to file apersonal tax returntoHMRC. If you are an employee of your company and take a salary, you will also have toregister the company as an employerand set uppayroll. You will need to report to HMRC inreal timewhenever the company pays one...
For the majority of people who don't submit tax returns Navigate to HMRC’s Working from home site, or use thislink. Answer a few easy yes/no questions, reaching: Have your National Insurance, payslip, P60 or passport to hand, and create a government gateway account, and then log in on...
C.All individuals who submit a tax return on time are able to have their tax payable calculated by HM Revenue and Customs (HMRC) D.The tax return for an individual covers income tax, class 1, class 2 and class 4 national insurance contributions and capital gains tax liabilities 点击查看答案...