When selling an asset, understanding the date of disposal for capital gains tax (CGT) is essential. The disposal date is generally the date the contract to sell the asset is signed. If the contract is conditional, dependent on a specific event, the disposal date is the day all the conditions are fulfilled. Correctly identifying the date of disposal matters because it determines in which tax year any gain will be taxed. The actual date of payment of the sale proceeds is less i

A PAYE Settlement Agreement (PSA) is a formal arrangement between an employer and HMRC that allows employers to settle an employee tax liabilities on minor or irregular benefits and expenses payments. Sometimes employers provide employees with benefits or reimbursements that, while relatively small or occasional, still create a taxable liability. Employees may not expect to be taxed on these amounts, and an unexpected tax bill can be unwelcome. A PSA allows the employer to as