Personal Liabilities

Personal Liabilities

Personal Liabilities and Personal Taxation In the UK, everybody who earns over the Personal Allowance (£12,570 for 2022/2023, but you can check rates on HMRC) must pay income tax. You also get a tax-free allowance for income relating to savings interest and dividends...
Corporation Tax

Corporation Tax

Corporation Tax Welcome to this introduction to corporation tax, which hopefully you will find useful. At its simplest, corporation tax is only paid by companies who are registered in the UK.  If you’re operating as a sole trader or partnership you don’t need to worry...
VAT – an overview

VAT – an overview

VAT – an overview VAT came to the UK in 1973 when we joined the EU – even though we have now left the EU, sadly we have not left VAT…. For an idea of importance to the treasury, in 2019 – 2020 VAT accounted for £148 billion from VAT, for a comparison...

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