The tax rate means the percentage at which an entity (individual or corporation) is taxed.

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A Tax Stuffing

It seems appropriate when we are about to enter the season of over-indulgence to review one’s business practices and perhaps review your own coming potential tax liabilities to minimise the chances of getting a stuffing from the tax authorities this

Cost of Tax Reforms

The government has not calculated how much money reforms to the personal tax system will cost, Exchequer secretary David Gauke has said.

The government is trying to help the public understand how the tax system works and allow taxpayers the …

Research Development Image

HMRC Research and Development Tax Relief for Small Businesses – Find out more here.

A new service from HMRC to help small to medium enterprises claim tax relief for research and development has been declared a good idea by tax …

50 Pence Tax Rate Could Raise £12.6 Billion

Government figures have revealed that the 50p top rate of tax could gain the treasury an additional £12.6 billion in tax take over the next five years.

This will put pressure on the Chancellor George Osborne not to scrap the …

HMRC Considers Plan to Collect Tax Directly

A controversial plan by HMRC to deduct tax directly from employees bank accounting is being considered, it has emerged.

Currently, it is the obligation of employers to deduct income tax and national insurance from employees, and then pass the collected …