Tax on flipping a house refers to the HMRC rules that classify short-term property projects as trading activities subject to Income Tax rather than Capital Gains Tax. House-flipping profits in the UK are normally treated as taxable trading income, assessed using HMRC’s Badges of Trade and charged at rates of up to 45% plus Class […]
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In the UK, managing payroll manually can be challenging, especially when compliance with tax laws and employee rights is critical. Still, for many small businesses, understanding how to calculate payroll manually is essential for maintaining financial accuracy and legal compliance. This guide will walk you through every stage of manual payroll calculation, helping you meet
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If you’re a landlord or property investor in the UK, you’ve probably come across the term DSS tenant. But what is DSS exactly, and why is it a point of concern for landlords? DSS refers to the Department of Social Security—an organisation that was officially replaced in 2001 but whose acronym still lives on in
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Stamp Duty Land Tax (SDLT) is a UK transaction tax charged on the purchase of residential and commercial property, and its interaction with Value Added Tax (VAT) determines the final cost of many deals. SDLT on commercial property becomes particularly relevant when the seller has exercised the Option to Tax under HMRC VAT Notice 742,
Is There VAT on Stamp Duty? How to Reduce you SDLT Legally Read More »
VAT on commercial property in the UK governs the tax liability for transactions involving offices, retail units, warehouses, and industrial buildings. Businesses, landlords, developers, and investors face VAT rates of 20% Standard, 5% Reduced, 0% Zero-Rated, or Exempt depending on the property type and transaction. Incorrect VAT treatment can trigger significant costs, including unrecoverable input
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Personal Independence Payment (PIP) is a UK government benefit administered by the Department for Work and Pensions (DWP) to help people with disabilities or long-term health conditions manage daily living and mobility costs. The 2025 PIP rates set out the new standard and enhanced payment levels for both the daily living and mobility components, reflecting
PIP Rates 2025: Guide to PIP Rates in the UK Read More »
A P800 tax refund is a repayment from HM Revenue and Customs (HMRC) issued when you have overpaid Income Tax through PAYE or Self Assessment. The repayment is confirmed in a P800 Tax Calculation letter, which shows how your income, tax code, and deductions were calculated for the tax year. Many taxpayers become eligible for
What is P800 Refund? How to Claim P800 Refund Read More »
Withholding Tax (WHT) is a tax deducted at source on cross-border income such as dividends, interest, or royalties paid to a UK resident. It represents an advance payment of income tax withheld by the foreign payer before the funds are received. For UK taxpayers, this income remains taxable under HMRC rules, making the prevention of
What is Withholding Tax? Guide for UK Taxpayers Read More »
VAT on prepayments refers to the HMRC-defined requirement to account for VAT at the time a business receives an advance payment, creating an actual tax point under VAT Notice 700. UK suppliers use this rule to determine when VAT becomes due on deposits, retainers, staged payments, and annual subscription fees. Prepayment VAT rules apply across
Can You Claim VAT on Prepayments? What HMRC Allows? Read More »
As a director or employee of a limited company, you might find yourself asking—“Can I claim my food expenses through the company?” The answer is: yes, but with conditions. HMRC has strict guidelines about what qualifies as an claiming food expenses in a limited company for food or drink expense. If not followed properly, your
Claiming Food Expenses in a Limited Company: Complete Guide Read More »
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