What is Blind Persons Allowance?
The Blind Person's Allowance is an additional tax-free allowance that can be received by blind persons without paying tax on it. It is added to an individual's yearly personal allowance.…
The Blind Person's Allowance is an additional tax-free allowance that can be received by blind persons without paying tax on it. It is added to an individual's yearly personal allowance.…
The percentage at which an individual or company is taxed is referred as basic tax rate. The United Kingdom uses a “progressive tax rate” structure. The level of tax charged…
The Balancing Payment is part of the Account Payment process when you pay your tax bill by January 31st. If you are self-employed (and at least 20% of your earnings…
Child Benefit is money given to parents or those who are responsible for raising a child. The high-income child benefit tax charge is a one-of-a-kind tax in that it uses…
EPS stands for earnings per share. It is calculated by dividing net earnings available to common shareholders by the average number of outstanding shares over a given period of time.…
Creative accounting, also known as aggressive accounting, refers to imaginative ways of reporting accounts. It is a tool that is used falsely to establish or interpret accounting policies to misuse…
Flat rate expenses, also known as work-related expenses, are tax relief or tax credit for employees in specific jobs. They are often known as "flat rate" expenses because, instead of…
The revenue or profit raised by UK firms of all sizes is distributed as dividends among shareholders. Allocation of dividends is measurable according to the percentage of shares every shareholder…
A credit score is a number that ranges from 0 to 999 and represents a person's creditworthiness. A borrower's credit score improves the way he or she appears to potential…
Capital allowances are the tax relief granted for some capital expenditure done on business properties. In the United Kingdom, a corporation may claim capital allowance based on assets acquired during…