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UK Capital Gains Tax: Requirements and Filing Dates
When it comes to managing your finances, understanding the intricacies of taxation is crucial. One such tax that can impact individuals and businesses alike is Capital Gains Tax (CGT). If you reside in the United Kingdom and have made gains from selling certain assets, it's important to understand any potential liabilities due in relation to CGT. In this article, we'll explore the essentials of UK CGT, including what it is, who it applies to, and the key dates.
UK tax implications of using a personal mobile phone for business purposes
In today's digital age, it's common for individuals and small business owners to use their personal smartphones for business purposes. Whether it's making calls, responding to emails on the go, or managing social media, our phones have become indispensable tools for work. The good news is that the UK tax system allows for potential tax deductions on the portion of expenses related to business use of personal items, such as smartphones. However, claiming these deductions comes with certain responsibilities.
Why is the UK tax year the way that it is?
In the United Kingdom, the tax year follows a peculiar timeline that may raise eyebrows for newcomers and outsiders. In this article, our team delve into the fascinating world of the UK tax year, exploring its historical roots, practical reasons, and its impact on financial matters for both individuals and businesses.
UK Self-Assessment Tax: Deadlines and Important Dates in 2023
Understanding the deadlines for self-assessment tax returns and other financial obligations is crucial to avoid penalties and ensure all payments are made on time. In this article, our team have summarised the essential dates for UK Self Assessment taxpayers in 2023 to help make the process as straightforward as possible
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