HMRC doesn’t regard lottery winnings as income, so all prizes are tax free, hooray!
This is another one that is really surprisingly frequent; indeed we were asked it only last week (w/e 22 June) so no scoffing there please people.
thanks for looking at my query and hope you folks in the know can assist.
I am not asking an existentialist question but perhaps a philosophical one!
I am planning to setup an umbrella company for a specific niche. All contractors will go through usual PAYE process, no funny business, no tax evasion issues etc.
We're a very small company with 1k loan from StartupLoans.
Do we pay tax on repayments and interest using the CT61?
An accountant who used to work for HMRC told me a couple of years ago that if I was doing more than 10,000 miles per year for business (and therefore had to start using the lower per mile rate) I c
This another unFrequentlyAQ just like last time – again just once to my knowledge but you wouldn’t believe how long it took to find an answer for this one as well!
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- Monthly dividend payments to director - sole shareholder 13,944 6
- Marginal Rate of Tax 12,620 5
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- HMRC launches VAT amnesty campaign 12,424 6