When you hear the term “benefit in kind”, it may sound like something optional or vague, but in reality, it is an important part of the UK tax system. Employees, directors, and even business owners who receive perks outside of their normal wages need to understand how these benefits are taxed, reported, and managed. Summary […]
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A p11d form is the official HMRC document employers in the UK must complete annually for each employee or director receiving taxable benefits or expenses that have not been processed through payroll. These benefits include perks like company cars, private medical insurance, low-interest loans and more. The p11d form gives HMRC the necessary information to
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If your self-employed income exceeds £1,000 in a tax year, you must ask yourself, “how do I register as a sole trader” with HM Revenue & Customs (HMRC). This article walks you through every step, updated for 2025-2026 tax regulations, backed by official sources. Summary “Overview of when and why one needs to know ‘how
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A p60 form—officially known as the “End of Year Certificate”—is issued by your employer at the end of the UK tax year (6 April to 5 April). It summarises your total pay, Income Tax, National Insurance contributions, and any statutory or student-loan deductions for that tax year. Who Receives a P60 Form (and When)? If
What Is a P60 Form? How to Find P60 Form? Read More »
The 64-8 form—formally known as “Authorising your agent” or the Agent Authorisation—is a legal document that empowers an appointed representative (such as an accountant, solicitor, or professional tax adviser) to interact with HM Revenue & Customs (HMRC) on your behalf regarding your tax affairs. Summary “The 64-8 form allows a taxpayer to authorise an agent
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Navigating the Self Assessment process in the UK can feel overwhelming, especially when you’re anxiously waiting to hear back from HMRC about your tax refund. Whether you’re a sole trader, freelancer, or PAYE employee who has overpaid tax, knowing how to perform an HMRC Tax Refund Check can give you peace of mind and ensure
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Running a limited company comes with many perks, and one of the most valuable is the flexibility to choose your work environment. Whether you’re setting up in a co-working space or working from the comfort of your own living room, your business can still operate efficiently. For many directors, the use of home as office
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Entrepreneur’s Relief, officially known as Business Asset Disposal Relief (BADR), is a valuable tax benefit in the UK that reduces the Capital Gains Tax (CGT) payable when you sell all or part of your business. Many business owners, especially directors and shareholders of limited companies, rely on this relief to minimise the tax bill when
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Running a limited company in the UK comes with legal obligations, and one of the most important is filing your CT600 Corporation Tax Return. But what is CT600, and why is it essential for your business? In this comprehensive 2025 guide, we’ll break down the CT600 form, explain how to file it correctly, and highlight
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Can HMRC access your bank account and take money directly from it? This question worries many taxpayers across the UK—and rightly so. The answer is yes, but HMRC must follow strict rules and regulations before exercising this power. In this article we’ll breakdown HMRC bank account access powers in detail. Since 2015, HMRC has had
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