Category: Guides

Freelancers, business owners, entrepreneurs, and contractors are considered self-employed in the UK. If you are among these or meet the eligibility criteria, you have to register as self-employed to comply with the legal and tax obligations. Seems complicated and tiring?...

Filing your self-assessment tax return is a significant task to complete. However, sometimes, mistakes can arise. You may forget to state something, you may change your address in the same year but forget to change it, or you may even...

Do you need to file a self-assessment tax return but are not sure where to start? Well, it might sound complicated. However, it is pretty straightforward once you know the essential steps. In this guide, we will show you how...

Have you ever wondered what happens when people lend money to each other without involving a bank? This is the idea behind peer-to-peer (P2P) lending. The concept is simple: all you need is to lend money directly to other people...

Equity release is the way for people over 55 in the UK to get money from their home while still living in it. People generally use it to boost retirement income, pay debts, support family, or fund major expenses like...

Patent Box Tax Relief was introduced in 2013 to encourage companies to retain and commercially use intellectual property within the UK. According to this tax incentive, the UK government offers a 10% reduced rate of corporation tax on profits earned...

Being a landlord in the UK entails numerous responsibilities as well as benefits. One of them includes taxation. Once you decide on renting out your property in the UK, you have to pay taxes on rental income.  You do not...

Buying a new property in the UK comes with Stamp Duty Land Tax (SDLT). It refers to the tax paid when you buy a property or land in the UK or Northern Ireland, which is more than £125,000 or £300,000...

Don’t you know how your savings are taxed? If not, you should learn about the Personal Savings Allowance (PSA) to manage your finances effectively. In the UK, the Personal Savings Allowance provides you with a tax break on interest earned...

Retirement means the golden years of your life, not the beginning of unexpected tax surprises. Therefore, many retirees in the UK ask this critical question: Do you pay tax on your pension? The answer is straightforward: You have to pay...