Tax Cuts Middle Income Earners Can Benefit From Tax-related woes continue to plague Britain’s workforce, but there might be hope for middle-income earners. Recent tax cuts offer several benefits, although a life in austerity is not going away anytime soon. Despite the Prime Minister’s pledge of “tax cuts for 30 million people”, not everyone might […]
Breaking Down What MOSS Is Do you supply services related to broadcasting, telecommunications and electronics to non-VAT registered customers in the EU? If you have been doing business without any problems in the past, you might want to prepare for some major headaches that are coming your way. Since changes in the rules of theVAT […]
All About Double Taxation Avoidance Agreements Double taxation agreements are made between two states to protect individuals from being taxed twice. As a non-resident working in the UK, for example, your income would not be taxable in two states, if your home country has a double taxation treaty with the UK. Double Taxation treaties are […]
How the Rich Avoid Taxes and Get Away with It According to HM Revenue Customs (HMRC), “Tax avoidance is bending the rules of the tax system to gain a tax advantage that parliament never intended”. Most people who avoid paying taxes make the conscious decision to do so and employ any strategy available to them. […]
Hiding from the Taxman: Major Personalities with Tax Woes Unfair would be an understatement if you think about how the rich gets to pay fewer taxes, while middle-class earners go broke once taxes have been deducted from their income. But the truth is, the rich have the means to avoid paying taxes – some of […]
Are You Filing Your Tax Return Correctly? Getting a tax refund is extra money that you can spend any way you want, but if you are not smart about filing a tax return, it can become money down the drain. So make sure you know which time of the year you need to complete a […]
Celebrities have a reputation for keeping their mouths shut when it comes to tax, as the less that’s known about their little offshore schemes the better. But, there are odd moments when they decide to pipe up, and the majority of the time, it’s about how taxes are unfair on the ridiculously wealthy. Here’s how […]
You know what they say – In this world, nothing can be said to be certain except death and taxes. But who said it? These are some of the most appropriate quotes on taxes, said by some of the greatest minds in the world. “The hardest thing in the world to understand is the income […]
Greedy Politicians Claiming for expenses is a marvelous bonus of employment, but with all that possibility of extra cash, one can be tempted to take it too far – much like the politicians we entrust to keep the UK above water! If you’ve forgotten the gory details about the infamous expenses scandal, here are the […]
It’s not just big corporate companies and the stingy everyman that get caught avoiding tax; celebrities aren’t as untouchable as they’d like to think! Check out these infamous examples of A-listers hiding from the tax man… Nicholas Cage The expressionless actor found himself in trouble in 2009 for unpaid taxes dating back to 2002 to […]