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Finance & Accounting>Finance & Accounting

How HMRC deals with tax debts

During the covid pandemic HMRC suspended many of their debt collecting activities. However, as the UK emerges and economic activity resumes, HMRC has restarted their

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Finance & Accounting>Finance & Accounting

Dividend ‘traps’

A shareholder/ director is permitted to withdraw monies from the company’s bank account as salary, bonus or dividend (or possibly a loan’). However, there are

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Finance & Accounting>Finance & Accounting

Holiday lets – tax implications.

The taxation of profit from furnished holiday lets (FHL) could be termed a ‘hybrid’ of taxes. The operation of a FHL is deemed to be

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Finance & Accounting>Finance & Accounting

‘Dynamic’ PAYE Tax Coding

Under the PAYE ‘Real Time Information’ scheme employers report to HMRC electronicallybefore making any salary or wage payments. To ensure that the right amount of

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Finance & Accounting>Finance & Accounting

The future for tax payments

The government receives its tax money on different dates depending upon the type of taxcharged. Taxpayers taxed under PAYE usually pay their tax bills monthly;

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Finance & Accounting>Finance & Accounting

Companies limited by guarantee

Companies Limited by Guarantee (CLG) are private companies that do not have shares orshareholders but instead have members called ‘guarantors’. The members agree to contributea

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Finance & Accounting>Finance & Accounting

Do I need to top up my pension?

A full single tier state pension is payable to people who have 35 qualifying years. Individualswho have less than 35 qualifying years, but at least

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