Registrations

HMRC (His Majesty's Revenue and Customs) requires registration for various tax purposes depending on your business structure and income.

Registrations

What is Value-Added Tax (VAT) and how does it work?

Have you heard of Value Added Tax? Do you know how it works? Well, if you don't, you're in the right place.

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Registrations

What are UTR Numbers?

Did you know that, according to the House of Commons Library, the UK government raises over £800 billion yearly in receipts that come from income from taxes as well as other sources, with income tax making up £195 billion of this amount?

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Registrations

What is a Tax Return? 8 Things to Know Before Filing

If you’re an entrepreneur, investor, or sole trader, chances are you’ve made an income that hasn’t been taxed yet. If this is the case, it’s important to report any untaxed income to HMRC so you can pay the correct amount of income tax and remain compliant. This is done by filing a self assessment tax return, commonly referred to as a tax return.

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Registrations

10 Biggest Tax Return Mistakes to Avoid

Filing your self assessment can be a daunting task, especially if you’ve never done it before. It is important to ensure all information is complete, all reference numbers are correct, and all income amounts are calculated accurately. One mistake can lead to overpaying taxes, penalty fines, missing out on tax reliefs and delayed or rejected tax returns.

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Registrations

How Does VAT Work? 7 Things You Need to Know

If you’re based in the UK or EU, chances are you’ve paid VAT (value-added tax) on certain purchases. You may know that it’s a type of tax, but how does VAT work when you run a business? How do you keep your company compliant with all VAT regulations?

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