Taxes

Taxes

L & S Accounting Firm has capable tax advisors and accountants in bedford, UK that can effectively handle all your tax issues (Check types of tax below), and help you stay on top of all your payments. We act as your representative before the relevant tax body. The services we offer under our taxes includes:

  • Registration of all businesses. (Companies, sole traders, Partnerships, etc.)
  • Prepare and pay all your tax liabilities to the relevant bodies.
  • Reclaim any tax rebate that may be due to you. And,
  • IF YOU ARE BE LEAVING THE UK PERMANENTLY OR AT LEAST FOR THE ENTIRE TAX YEAR,WE COULD CLAIM SOME REPAYMENTS FOR YOU. SO, CONTACT US NOW!

Types of tax


The UK tax system, administered by HM Revenue and Customs (HMRC), comprises a number of different taxes; which our accountants and tax advisors can professionally deal with.

Income tax

  • Payable by individuals on their earnings (e.g. self-employment and employment) and investment income.

National insurance contributions (NICs)

  • Payable by individuals who are either employed or self-employed on their earnings.
    Also payable by businesses (e.g. sole trader, company) in relation to their employees.

Capital gains tax

  • Payable by individuals on the disposal of capital assets.
    Capital assets include land, buildings and shares, but could include smaller items, such as antiques.

Inheritance tax

  • Payable by executors on the value of the estate of a deceased person.
    Also payable in respect of certain gifts during an individual’s lifetime.

Corporation tax

  • Payable by companies on their income and gains.

Value added tax (VAT)


  • Payable on the supply of goods and services to the final consumer.

Stamp taxes


Stamp Duty Land Tax Stamp Duty Land Tax (SDLT) is usually payable when you buy or lease land or property. It’s also sometimes payable on transfers of ownership of property or land.


Stamp Duty Reserve Tax Stamp Duty Reserve Tax is a tax on shares and securities when you buy through the stock market or a stock broker.


Stamp Duty You pay Stamp Duty when you buy shares using a stock transfer form, on some transfers of interest in partnerships, and on land or property transactions entered into before 1 December 2003.


Construction Industry Scheme (CIS)


The Construction Industry Scheme (CIS) is a set of special rules for handling payments made by contractors to subcontractors for construction work.

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