Sterling & Wells, Author at Sterling & Wells

Who Needs to File Self-Assessment in the UK?

Self-Assessment is the system HMRC uses to collect Income Tax from people whose tax is not automatically deducted at source

Sterling & Wells April 30, 2026

The Reality of the UK’s Digital Services Tax: What It Is & Who It Affects

Digital Services Tax UK: What It Is & Who It Affects

The UK introduced its Digital Services Tax on 1 April 2020, imposing a 2% levy on revenues from social media platforms, search engines, and online marketplaces that derive value from UK users.

Sterling & Wells April 28, 2026

Corporation Tax Explained for Limited Companies

Corporation Tax is a direct tax levied on the profits of limited companies. If your company is a UK resident for tax purposes, it pays Corporation Tax on all its profits.

Sterling & Wells April 22, 2026

What Are the Benefits of Holding Companies?

A holding company is a company that owns shares in one or more subsidiary companies rather than trading itself directly.

Sterling & Wells April 21, 2026

How Rent a Room Scheme Works? Explained for Homeowners

If you have a spare room sitting empty, renting it out could quietly earn you thousands each year, completely free of tax.

Sterling & Wells April 20, 2026

Common VAT Return Mistakes and How to Avoid Them

How to File VAT Return in the UK in 2026?

Filing a VAT return in 2026 is a structured process once you understand what is required at each stage.

Sterling & Wells April 9, 2026

Penalties for Making Tax Digital for Income Tax Explained

If you are required to use Making Tax Digital for Income Tax from April 2026, it is worth understanding how the new penalty system works before it kicks in.

Sterling & Wells April 8, 2026