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SKY Business News

Up to quarter of supermarket milk deliveries missed due to driver shortages, says dairy giant
Fri, 30 Jul 2021 11:24:00 +0100

Up to a quarter of supermarket milk deliveries by the UK's biggest dairy supplier have been unable to get through because of a shortage of lorry drivers.

UK 'closing in on' striking free trade agreement with New Zealand
Fri, 30 Jul 2021 19:32:00 +0100

The UK is"closing in on"striking an agreement in principle with New Zealand, the international trade secretary has said.

BA owner increases flight numbers to meet take-off in air travel demand as coronavirus rules eased
Fri, 30 Jul 2021 08:59:00 +0100

British Airways owner International Consolidated Airlines Group (IAG) is to increase flight numbers to meet the surge in demand for air travel as quarantine rules are eased.

NatWest restores shareholder payouts as profits bounce back, beating expectations
Fri, 30 Jul 2021 07:28:00 +0100

NatWest has restored shareholder dividends after swinging back into profit, significantly beating expectations.

Jabs for jobs is 'good idea' but down to individual businesses, says minister
Fri, 30 Jul 2021 09:31:00 +0100

It is a"good idea"for people to have two coronavirus vaccine doses before returning to work but the government will not make it the law, Grant Shapps has said.

Personal Tax

Personal tax (income tax and capital gains tax) is arguably the most understood of all of the taxes, as most of the population pay it in a very visible way. Since the introduction of self assessment, the self employed, the employed, investors and trusts all need to understand the new rules, to minimise their overall tax exposure.

If you are selected by the Inland Revenue to fill in a self assessment personal tax return, because you are self employed, a higher rate taxpayer, a director, a property investor, or another reason, you need to make sure that this return correctly discloses all taxable income sources and claims all valid tax deductions.
Specific areas which we are typically asked to advise on include:

Disclosing and then agreeing your personal tax liability with the Inland Revenue is principally achieved by the completing and filing of a self assessment tax return..

Understanding this complicated tax system and paying the minimum amount of personal tax, at the correct time, through the correct mechanism, should satisfy our client.  We may even be able to suggest ways to restructure your affairs to save further tax.

Gorman Darby & Co Ltd
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