Usually, you complete a P46 form when you start a new job and your last P45 is not available. The P46 tax form is important because it...

The OT tax code states that you can't use any tax-free personal allowance. You could end up paying more income tax if you don't have a...

Explore the nuances of UK's BR, BR Cumulative, and BR NonCum Tax Codes, their application, implications, and management strategies.

Starting a business in the UK is an exciting venture, but it comes with its fair share of formalities. One of the most crucial steps in...

The Construction Industry Scheme (CIS) is a tax that was designed to increase the amount of revenue that is collected from the field of...

Did you know that your company in the UK is required by law to file annual accounts with Companies House or HMRC even if you are not...

It is essential to understand what VAT means for your business. If you don't have a VAT number on your business, you can register for VAT...

We see many businessmen asking; Should I Get a Tax Accountant to Do My Taxes? Well, a simple and straight answer is; yes you should....

On average a typical tax accountant in the UK charges around £150 to £300 for annual tax returns like self-assessment tax. However, the...

Understanding P800 Calculation A P800 calculation is a vital concept for taxpayers in the UK. It's an assessment carried out by HM...