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  • Elligibility for Business Partnerships Late Tax return Elligibility for Business Partnerships Late Tax return The recent case of the student Jack Dyson, whose appeal against an HMRC penalty was heard at a Tribunal raises an interesting issue about who has the right to appeal a penalty in a business partnership. Background When a business partnership is formed and registered with HMRC for tax..... Harsh Shah Comments Read More
  • Apple watch now available to order Apple watch now available to order The Apple Watch is now available to order, along with the new 12-inch MacBook. Apple is taking orders for both in its online store and the Apple Store app from 3.01AM ET, and it's actually the only way you can buy the Watch during the "initial launch period." However, the Watch is av..... Harsh Shah Comments Read More
  • Umbrella Company vs PAYE Umbrella Company vs PAYE Umbrella Company vs. Pay as You Earn (PAYE) - as a contractor it's important to understand whether moving into a umbrella company rather than working under PAYE is the best route for you. Operating under an umbrella company means that you can maximise your overall take home pay and t..... Harsh Shah Comments Read More
  • Income tax and planning Income tax and planning From 6/4/14 there continue to be 3 rates of income tax on dividends: 0% on grossed up dividends up to the HR tax band (£41,865) Effective tax rate of 25% on net dividends taken in between £41,865 and £150,000. [effective gross tax rate is 22.5%] Effective tax rate..... Harsh Shah Comments Read More
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