If you personally disposed of an asset that is subject to a capital gains tax (CGT) charge, at any time during the tax year ending 5 April 2019, any CGT due will need to be paid 31 January 2020. Accordingly, if you know the amount of the taxable gain, and the amount of CGT payable, …
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Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers. Making Tax Digital for business (MTDfb) begins on 1 April 2019 with MTD for VAT. Making Tax Digital (MTD) first compliant return due on the 7th of August 2019, from that date, VAT-registered businesses above the threshold of £85k will have to keep digital records and submit VAT returns using compatible software.
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What is a Debt Relief Order?
The first Debt Relief Order (DRO) was approved 10 years ago in April 2009 with the aim of assisting people with small levels of assets and little surplus income deal with their debts*. Since then, the Insolvency Service has approved more than 254,000 DROs to people with debts worth an average of £9,400. People apply …
Quickbooks vs. Xero
Cloud technology is everywhere. In fact, the vast majority of us will use some form of cloud technology on a daily basis, whether that’s through a Google Calendar, storing files via Dropbox or even simply browsing through Facebook. Cloud technology basically refers to any software which enable its users to access shared storage, networks or …