Inheritance and tax
As a general rule, an individual who inherits property, money or shares is not liable to pay tax on the inheritance.
Labour win landslide election result
As had been widely predicted, the results at the polls have seen the Labour Party back in power after 14 years in
Business VAT responsibilities
The taxable turnover threshold that determines whether businesses should be registered for VAT is currently £85,000.
Are mega sized marshmallows zero-rated?
In the UK most basic food stuffs are zero rated. However, the definition of ‘basic’ is not straightforward and many of
Restarting a dormant company
HMRC must be informed when a non-trading or dormant company restarts trading and becomes active for Corporation Tax