A close company in the UK is a resident company controlled by five or less shareholders (also called participators) or any number of...

Pre-owned asset rules were introduced to address inheritance tax (IHT) avoidance strategies. These rules prevent taxpayers from giving...

Individuals are eligible for tax relief when making donations to UK-registered charities or charities registered in the European Economic...

UK resident individuals are generally taxed on their worldwide income. However, if the individual is a UK resident but non-UK domiciled...

Overview MTD for ITSA requires sole traders and landlords with qualifying income to maintain digital records and submit updates to HMRC...

Employers often provide company cars and sometimes fuel for employees' private use. If a company car is made available to an employee,...

In the UK, the capital gains tax rate is currently 24%, while income tax can be as high as 45%. In addition, class 4 National Insurance...

In simple terms a trust arrangement exists whenever there is a separation between legal title and beneficial ownership. A trust is...

In the UK individuals who are considered residents for tax purposes are taxed on their worldwide income and gains. Non-residents,...