Do you know how to declare foreign employment Income on the Tax Return for individuals in resident in the United Kingdom? We have prepared detailed instructions for you on how to do this. Firstly, determine which country the person is resident in for tax purposes. A tax residency test must be carried out to conclude… Continue reading How to declare foreign employment Income on the Tax Return for individuals in resident in the United Kingdom?
Do you know how to declare gains made on disposing of shares in the United States of America as a UK resident? To calculate chargeable gains on disposal of shares, an individual should gather few important information which will help perform Chargeable Gains Tax Computations. These are:a) The date when shares were bought and number… Continue reading How to declare gains made on disposing of shares in the United States of America as a UK resident?
To prepare for the fast-approaching self-assessment return deadline of 31st January 2022 for the tax year 2020-21, we have the following advice to ensure complete compliance with HMRC and minimize tax bills as low as possible. Employment Income: Ensure all employment income is included in the tax return within the cut-off date of the tax year.… Continue reading Are you submitting the self-assessment return?
