Capital assets Archives | Taxfile

Need a Limited Company? Questions you may be asking yourself

Taxfile — Tue, 20 Oct 2020 15:43:25 +0000

“What are the main differences between being self-employed and running a limited company?” “What are the advantages and disadvantages of having a private limited company?” The major difference between running a private limited company and being self-employed are the administrative requirements you are required to do by law & although the volume is more, the […]

The post Need a Limited Company? Questions you may be asking yourself appeared first on Taxfile.

Landlords & Property Investors Take Note: New Capital Gains Tax Rules for 2020

Taxfile — Tue, 10 Mar 2020 12:46:46 +0000

The new capital gains tax (CGT) rules will come into effect on April 2020, which will more than likely impact the sales of most additional properties in the UK. CGT is paid on profits from the sale of investment properties that are not the sellers main place of residence. The amount of CGT paid is […]

The post Landlords & Property Investors Take Note: New Capital Gains Tax Rules for 2020 appeared first on Taxfile.

Vat Flat Rate Scheme

Taxfile — Sat, 21 Feb 2009 09:58:00 +0000

The VAT flat rate scheme was introduced on 24th April 2002 and was designed to assist small businesses through calculating VAT payments as a percentage of their turnover. This scheme was developed to reduce the cost of complying with VAT obligations and the time spent by removing the need to calculate and record output and […]

The post Vat Flat Rate Scheme appeared first on Taxfile.