A Unique Taxpayer Reference (UTR) number is a ten-digit code required by all sole traders, partnerships, and limited companies in the UK. It’s unique to that individual or organisation and remains unchanged forever. You will also need a UTR if you have other forms of
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Going into business with a partner or partners can offer many benefits. You can gain from other people’s talent, ideas, knowledge, skill, contacts and cash, just as they can gain from yours. You can also share the workload, risk and responsibilities, while avoiding feelings of
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With prices across the board rising faster than they have for decades, many of us are watching the pennies more carefully, tightening our belts and looking for ways to cut costs. That includes the UK’s 2.6m private landlords, many of whom can’t put up the
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Keeping your costs to a minimum is advised when starting a business, because it means you can pay off your start-up costs sooner and then start to make a profit. You also risk losing less money if the business doesn’t get off the ground. Some
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The UK is facing a serious cost-of-living crisis. It’s being driven by eye-watering utility bill increases, rocketing fuel pump prices and record inflation that’s making the weekly supermarket shop and other purchases far more expensive. Moreover, interest rates are increasing, with more hikes expected, while
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Payment on Account is due for many on 31st July 2022. Did you know, filing your 21-22 tax return now could reduce your payment on account for July! By now you will have received your brown envelope from HMRC if you are due to make
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How much UK rental income is tax-free if you’re a UK landlord living overseas? It’s a dream that many people in Britain have. Move to another country, somewhere sunnier, to work or retire. For those who choose to live their dream, living overseas is often
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Update January 2023: Making Tax Digital MTD for income tax has been delayed by two years until April 2026. All VAT-registered businesses in the UK must now meet new reporting requirements introduced as a consequence of Making Tax Digital. If you don’t run a VAT-registered
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Do you want to know about UK non-residency tax returns? Do you have any questions for a tax professional? Why not take this opportunity to get the key information you need and ask any questions you may have. Join a free webinar dedicated to Non-Residency
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Contractors Ditch the jargon – Self assessment explained! Understanding Self Assessment can be challenging for many contractors and self-employed people. The technical information can be difficult if not impossible to understand, while – let’s face it – it’s hardly the most interesting subject. And the
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