Tax Advice Menu
We have developed a basic guide to the UK tax system, if you require information on a specif tax, please use the direct links below, if you are looking for a more general overview we suggest you start with;
TAXES FOR INDIVIDUALS
Income Tax - Numerous sources of personal income, such as salary and dividend payments are subject to deductions which are payable to HM Revenue and Customs.
National Insurance - Payment of this tax entitles you to recieve the State Pension and other specific state benfits, the amount paid will depend upon how much income you recieve per week / month.
Stamp Duty (Inc. SDLT & SDRT) - If buying property or shares, you may have to pay a percentage of the value to HM Revenue and Customs. The value of the transaction will determine which rate is charged, more information on the different rates can be found on this page.
Inheritance Tax - Your estate may be subject to this tax when you die, as well as assets and some gifts given upto seven years before your death.
TAXES FOR BUSINESSES
Value
Added Tax – Information on VAT. When should you register?
What are the current rates of VAT?
Corporation Tax –
Information relating to corporation tax. What is it? What are
the current tax rates?
Capital Gains Tax –
An overview of capital gains tax, with examples of when it may
be applied