Making Tax Digital for Self Assessment
Making Tax Digital represents a significant change for Self Assessment taxpayers, moving from a single annual tax return to continuous digital record-keeping and quarterly reporting.
What are the requirements for an overseas company to file UK corporation tax?
The key factor in determining whether an overseas company must file UK Corporation Tax is the existence of a permanent establishment (PE) in the UK.
What Documents Are Required for VAT Registration in the UK?
The specific information and documents you need vary depending on whether you are a sole trader, a partnership, a limited company, or an overseas business.
What You Need To Do If You Received an MTD Letter From HMRC?
Received an HMRC MTD letter? Learn what steps to take, deadlines to meet, and how to stay compliant with Making Tax Digital requirements.
Do You Need to Tell HMRC About Your Savings Interest?
Not sure if your savings interest must be reported to HMRC? Learn when you need to declare it, key thresholds, and how to stay tax compliant.
How Long Does It Take to Register for VAT in the UK?
The time it takes to receive a VAT number in the UK can vary depending on the complexity of your application and whether HMRC needs to carry out additional checks.
What are the Tax Obligations for a Non-Resident Director in the UK?
Even if a director resides outside the UK, certain income, benefits, and share-based incentives received from a UK company may be subject to UK tax and National Insurance contributions (NICs).
Making Tax Digital for Airbnb Hosts
Making Tax Digital for Income Tax applies primarily to self-employed individuals and small businesses, which includes many Airbnb hosts who earn above certain thresholds.
Benefits of Voluntary VAT Registration
Voluntary VAT registration allows businesses with a turnover below the UK’s £90,000 threshold to register for VAT even though they are not legally required to do so.