Dive into the essentials of the UK's General Anti-Abuse Rule (GAAR), aimed to combat tax avoidance through 'artificial and abusive' strategies since its enactment in 2013.
Explore the essentials of business rates, the local tax levied on UK businesses based on property valuation and the Uniform Business Rate (UBR), and learn how it differs from council tax.
Explore the concept of Franked Investment Income in the UK, including its history, purpose, and the intricacies of the imputation system of taxation.
Explore the role and history of self-assessment in the UK's taxation system, helping taxpayers efficiently handle their income and capital gains tax liabilities.
Explore the intricacies of Stamp Duty Land Tax (SDLT), its history, rate structures, and implications for various property transactions in the UK.
Explore the nuances of unilateral relief, a mechanism used by UK financial authorities to prevent double taxation in cases lacking specific international agreements.
Dive into the ins and outs of Vehicle Excise Duty (VED), including its historical background, rate structures, and recent changes affecting UK vehicle owners.
Explore the concept of Preceding Year Basis (PYB), its application in fiscal assessments, and the transition to Current-Year Basis in the UK since 1997-98.
Explore a detailed guide to Corporation Tax in the UK, including rates, how profits are taxed, the system of payments, and key reliefs available for businesses.
Explore the intricacies of income tax, its classifications, and rates in the UK. Learn how tax liabilities trigger as income increases and the crucial definitions and categories affecting taxation.
Explore the key aspects of income tax allowances in the UK, including personal allowances and specific deductions for different taxpayers, updated for the current tax year.
Explore the concept of 'chargeable person' in UK tax law, detailing the connection with residence and liability for capital gains tax.
Explore the definition of a close company in the UK, how it differs from closed companies in the USA, and its tax implications.
Explore how the Current-Year Basis works in the UK for assessing taxes on profits, including its implications and comparison with the Preceding-Year Basis.
Explore the critical aspects of the Dividend Tax introduced in the UK in 2016, including tax rates for different brackets and the transition from the tax credit system.
Explore the definition and tax obligations for higher-paid employees and directors in the United Kingdom, outlining the intricacies of form P11D and related tax rules.
Dive into the nuances of the UK's Income Tax Code, learning how it influences your tax obligations and take-home pay.
Explore the definition of personal allowance in the UK, its impacts on taxable income, and historical changes in tax regulation.
Explore the concept of Shadow Advance Corporation Tax, its implications for corporations, and options post-abolishment of ACT.
Explore the essentials of Stamp Duty Reserve Tax (SDRT), how it affects your investments, and tips for efficient tax planning.
Explore the nuances of Marginal Relief in the UK, essential for companies earning between £300,000 and £1,500,000 to optimize their tax responsibilities.
Explore the concept of Recoverable Advance Corporation Tax (ACT), its use in offsetting liabilities, historical context, and why it was abolished in 1999.
Explore the intricacies of how personal income and business profits are assessed in the UK, including details on fiscal years and tax schedules.
Explore how Writing Down Allowance works as a capital allowance for UK traders, aiding in the depreciation of plant and machinery investments.
