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Sep
21
taxUK introduces Temporary VAT Cuts for the Tourism and Hospitality Industry
The Tourism and Hospitality sectors stand as the worst affected business segments on a global scale due to the COVID-19 Pandemic. As a measure to contain the infection, Governments in most countries closed their borders, and even domestic travel came to a halt due to lockdowns. Also, restaurants and hotels were bound to stay closed.
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Sep
14
taxThings to know before Filing your Self Assessment Tax Return in the UK
One of the most important aspects of tax compliance in any country is the preparation and filing of income tax returns each year and the payment of applicable taxes. An income tax return, as we know, is a form or a legal document which states out the information about a taxpayer’s taxable income and the
Aug
31
taxWhat are the implications of the Digital Service Tax introduced by HMRC?
The UK Government introduced a Digital Service Tax in an endeavour to bring Internet Giants such as Amazon, Facebook, and Google under the tax purview. The Digital Service Tax or the DST shall apply on specific digital activities the value of which exceeds specified threshold limits. A draft for the proposed digital service tax came