As a self-employed professional, sole trader, or limited company director in the UK, you’re likely investing in tools that support your career or business—LinkedIn being one of them. But one pressing question remains: Is LinkedIn subscription tax deductible? Let’s explore the answer in detail with references to HMRC guidance and real-world applications. Summary “Understanding whether […]
Is LinkedIn Subscription Tax Deductible? Read More »
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
How Much Tax on Flipping a House in the UK? Read More »
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 »
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 »
If you’re asking yourself “how can I find my accounts office reference number?”, you’re not alone. As a UK-based accountant and tax advisor, I’ve worked with countless employers, and this is one of the most common payroll-related questions I receive. Whether you’re managing payroll for the first time or reviewing your existing PAYE records, understanding
How Can I Find My Accounts Office Reference Number? Read More »
A bonus payment in the UK counts as part of your taxable income and is processed through PAYE (Pay As You Earn) like your regular salary. The tax you pay on your bonus depends on your income tax rate-20% for basic, 40% for higher, and 45% for additional rate taxpayers, plus National Insurance contributions (NICs).
How Much Tax will I Pay on Bonus? Read More »
Budgeting is a financial planning method used by UK businesses to forecast income, control expenditure, and allocate resources across operational departments. A budget with fixed targets, rigid variance thresholds, or outdated cost assumptions often restricts responsiveness to real-time market conditions, HMRC tax changes, and cash-flow volatility. Modern SMEs require budgeting techniques with adaptive forecasting, scenario
Limitations of Budgeting: 7 Lists of Limitations Read More »
Micro company accounts are the simplified statutory financial statements filed by Micro Entities in the UK, designed for small businesses with limited turnover, assets, and employees. These accounts include a balance sheet, profit and loss statement, and notes that summarise key financial figures such as revenue, net profit, liabilities, and shareholder equity. Reading micro company
Micro Company Accounts Made Easy | Learn How to Read Them Like a Pro Read More »
Get access to all the tax calculators in the UK for free as well as articles on latest and complex tax information in the most simplest language.
©2025. TAXCALCULATORSUK. All Rights Reserved.