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Category "Taxation"

A guide to appointing a General Power of Attorney in the UK

A guide to appointing a General Power of Attorney in the UK

A person may make a legal agreement to give other people a power of attorney to deal with business or personal matters on their behalf. This may be a general power of attorney covering a wide range of matters or a limited power of attorney for specific transactions. The article below explains how and in which situations a General Power of Attorney can be appointed in the UK.
How to prevent tax fraud

How to prevent tax fraud

Tax fraud may involve simple non-declaration of income or it may take place on an international scale involving a complex web of legal entities and cross-border transfers. International tax fraud can only be prevented by international cooperation between tax authorities.
What "in lieu of" means

What "in lieu of" means

The expression “in lieu of” means “in place of” or “instead of”, and is encountered in some common legal terms in the UK and the US. Understanding the term can help to clarify the meaning of the relevant law. Learn more in this article.
How much is stamp duty?

How much is stamp duty?

Stamp Duty Land Tax is a tax levied on the transfer of property in the United Kingdom and is usually paid by the purchaser. The collection of stamp duty is administered by H.M. Revenue and Customs. Stamp Duty Land Tax is calculated as a percentage of the value of the property that is transferred.
How to calculate customs and excise duty

How to calculate customs and excise duty

Customs and excise duties are computed in different ways. Customs duties are generally based on the transaction value of the goods, but excise duties are often based on the quantity of goods.
How to apply for financial aid in the UK

How to apply for financial aid in the UK

This article will detail out how to apply for financial aid in the United Kingdom. If you are stuck for money and need help, this article should help you. Read on and learn more.
How to claim tax back?

How to claim tax back?

Every year, many people find that they have paid too much tax. This cannot always be fixed during the period of work, so it leads to getting a tax rebate at the end of the year. You have four years to make a claim if you think you are entitled to a repayment on your tax and HMRC has not spotted it first.
All about: UK income tax

All about: UK income tax

The basic rate of UK income tax is 20% in 2011/12, but higher rates of 40% or 50% may apply to higher earners. Some tax deductions and allowances are available. Learn more in this article.