United Kingdom Taxation – Resident and Business Owner Must Know

Select the list of guides about United Kingdom Taxation

United Kingdom Taxation

Overview of Taxation in the United Kingdom

Overview of Taxation in the United Kingdom

Tax is no one’s favourite subject – but understanding how it works will be truly beneficial. If you are living or planning to move to the United Kingdom, taxation is definitely something worth researching, given how it can potentially impact your personal finances. Read more

Overview of VAT in the United Kingdom

Overview of VAT in the United Kingdom

Value-Added Tax, also known as goods and services tax (GST) in some countries, are taxes that are levied on products at each stage of their production when value is added. Read more

Arm’s Length Principle in the United Kingdom

Arm’s Length Principle in the United Kingdom

The interest in maintaining fairness to a contract has always been ever-present. Whilst it may be easy to draft up documents to officiate an agreement, much emphasis as of recently has been to ensure that every party involved were treated fairly and not exploited by the terms agreed upon. Read more

Capital Gains Tax in the United Kingdom

Capital Gains Tax in the United Kingdom

Thinking of selling your asset(s)? You would be right to assume that taxes would be involved. It is important to be absolutely sure that whenever a transaction of properties occurs, it is done with proper care and in compliance with statutory requirements. Read more

How to Avoid Common VAT Errors in the United Kingdom

How to Avoid Common VAT Errors in the United Kingdom

VAT are taxes levied on products when they value-added to each stage in the supply chain. Unlike sales tax, VAT is charged from one purchaser to another, such as retailers, manufacturers or distributors. Read more

Dividend Tax in the United Kingdom

Dividend Tax in the United Kingdom

Suppose you have bought shares or plan to buy shares in the future in the United Kingdom – knowing how the tax on dividends work is mightily crucial. Read more

HM Revenue & Customs in the United Kingdom

HM Revenue & Customs in the United Kingdom

Her Majesty’s Revenue Services or better known by the acronym, HMRC, is an authoritative tax collecting body of the United Kingdom government. Read more

United Kingdom Industry-Specific Tax Incentives

United Kingdom Industry-Specific Tax Incentives

At first glance, you might find the United Kingdom tax and incentives to be complicated – however, upon dissection, you’ll soon discover that it’s all straightforward. Read more

Tax Avoidance and Tax Evasion in the United Kingdom

Tax Avoidance and Tax Evasion in the United Kingdom

For many, tax is a tedious, time-consuming task to complete; however, one must complete it. Businesses, corporations, workers and other organizations that generate a steady monthly income must pay their taxes to the Government annually. Read more

Double Tax Treaties in the United Kingdom

Double Tax Treaties in the United Kingdom

The prospect of having to pay for something twice is not an appealing one to many. If possible, most people would avoid paying more than they should. The same can be inferred about paying taxes, given we would not want to pay them twice! Read More

United Kingdom Stamp Duty

United Kingdom Stamp Duty

A stamp duty refers to the tax you may have to pay for buying a residential property in England or Northern Ireland. The keyword here is ‘may’ – because you only have to pay said tax if it exceeds a specific price. Read More

United Kingdom Withholding Tax Guide

United Kingdom Withholding Tax Guide

Withholding Tax is a tax imposed by the government on payers (employers) parties. It’s derived explicitly from the income earned by non-residents (payees) and paid to the government. Read More