The number of people claiming non-domiciled taxpayer status in the UK rose by 7.5 per cent to 74,000 between the 2021-22 and the 2022-23 tax years, according to HM Revenue & Customs figures. Read more: https://bit.ly/45YFjew #STEPCPD #Tax
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Head of Sales & Customer Success at Sleek I Non-Executive Director I Association Chair I International Business Advisor
With changes to tax rates and thresholds starting next month, all 13.6 million Australian taxpayers can look forward to keeping more of what they earn each payday. If you're an employer, you need to understand the changes so you can work out how much more to pay your workers, and how much less to withhold for tax purposes. To make sure you’ll be ready on 1 July, visit the ATO website to check you have the correct PAYG withholding tax table. To see how much less income tax you’ll be paying, use the ATO tax cut calculator. https://lnkd.in/gmp3T4ma
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Leading Finance at Zomentum | Saas Startup | Financial Planning & Analyst | Budgeting | Corporate Finance | Financial Operations & Statutory Compliance|
Important Tax Takeaways from the Union Budget 2024: 1. A 20% increase in the short term capital gains tax rate 12.5% incase of Long term CG(We will tax you more if you earn more🤣) 2. Modifications to the New Regime income rates that save Rs. 17,500 in taxes over the previous year. 3. The new regime increases the standard deduction to 75,000. 4. Foreign corporations now pay only 35% of the 40% corporate tax. 5. Angel tax abolished (to encourage more investment) 6. Rationalization of TDS rates from 5% to 2%.
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An article published in eprivateclient today revealed that UK family businesses contribute around 27% of total taxes collected in the UK. In 2021 this represented £225bn. Some of this is direct tax on the companies and the rest in income tax and NIC from the owners and their employees. This is not all that surprising, family and owner-managed businesses are the back bone of our economy and we hope that this is taken into consideration when policy is written not just at the next Autumn Statement but in the years to come. #autumnstatement #familybusiness #privateclient #tax
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As The Times explores ways to maximise tax savings, I shared my insights on those made through capital gains, particularly the spousal exemption, which can potentially lower the tax owed. #CGT #CapitalGains #UKTax https://lnkd.in/eb7WEhWb
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The year 2023-24 not only witnessed multi-year high #tax #buoyancy levels – mainly on the direct taxes front – but also higher level of compliance from taxpayers, and strict enforcement measures against tax evaders. Total tax receipts (before devolution to states) of the Centre in FY24 “slightly exceeded” the revised estimate (RE) of Rs 34.37 trillion in the year, an official source told FE on condition of anonymity, even as the figures are being computed. #taxes #taxation
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BMC Licensed Structural Engineer for Structural Audit of Building, Flat,Factory. You are Safe,Only if your Building is SAFE? So Get Structural Audit done for your Safety. For Quote / Details call 9820867755
Get=Double TAX-COLLECTION by Easy TAX😇RULE As Complexity=Corruption=Unemployment eg. PAY only 1%TAX On_All_Received_TRANSACTION & For CASH Received_ PAY_1%_by_Govt-App._DAILY Also Only Receiver pay🤓TAX Payer=NO🤗TAX Soon All other Taxes will be IRRELEVANT..!
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TDS stands for "Tax Deducted at Source." It's a system introduced by the government to collect taxes at the source of income. When certain types of payments are made, such as salaries, interest, rent, commission, etc., a certain percentage of the amount is deducted as tax before making the payment. This deducted tax is then deposited with the government on behalf of the taxpayer. TDS ensures a steady source of revenue for the government and helps in the prevention of tax evasion. It applies to both individuals and businesses, and the rates vary depending on the type of payment and the total income of the recipient. # tds #finance #accounting
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The proportion who feel that the level of taxation and spending should be kept as it currently is remains at 41%. At 46%, the proportion in favour of raising taxes and spending more on key public services now sits at its lowest level since 2015. https://lnkd.in/epThnrBh #NatCenDataBites #Taxation #BSA41 #GE24
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We take a look at the tax changes Labour has said it will introduce in this parliament – and what they mean for you and your finances. https://lnkd.in/eXx4aVFN #labour #tax #newgovernment
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Director at AFR Consulting, financial & accountancy recruitment specialists for Lancashire and North Manchester.
Are taxes rising or falling? There's a lot of information out there but it can be confusing. This article may clarify things a little. #Tax #Information
Are taxes going up or down?
bbc.co.uk
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