HMRC Tax Law Firms for Scunthorpe
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Scunthorpe, DN15 6HN
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HMRC Tax Law Information:
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Two draft bills aimed at cleaning up UK corporation tax and international tax legislation have been published by HM Revenue & Customs. Whether you're UK resident usually depends on how many days you spend in the UK in the tax year (6 April to 5 April the following year).
UK residents have to pay tax on their UK and foreign gains. There were different rules for working out your residence status before 6 April 2013. It is possible to be resident within the UK and one other country at the similar time, which quantities to twin residence.
An Arrivers resident standing is then dictated by the variety of days on which they were physically current within the UK on midnight, and the number of elements that they meet in a given tax yr.
The general rule is that ought to HMRC send you a tax return (Form SA100) you're obliged to finish and return this to them. The UK apply a Statutory Residence Test (SRT) to determine whether an individual is resident in the UK or not. » Read entire article »
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