Defined Benefit Pension Schemes Defined benefit pension schemes have always been regarded as a top hat pension arrangement available to only a fortunate select few. The massive employer costs associated with these pension schemes means that 9 out of 10 private sector schemes have now been closed and there are now no FTSE 100 companies [...]
History The first income tax was introduced in Great Britain in 1799, to fund the war against the French forces under Napolean. Income Tax is a “temporary tax” and expires every year on the 5th April and Parliament has to reapply it by an annual Finance Act. The PAYE (Pay As You Earn) system was [...]
When starting a new business you may feel overwhelmed by the amount of different taxes that you need to be aware of, report on and pay. The following is a brief introduction to the main taxes that you will encounter and need to have a working knowledge of when running a small business. VAT – [...]