A UTR number serves as a unique identifier for tracking financial transactions. While it’s widely known for its role in NEFT and RTGS transfers, it also plays a crucial role in keeping tax records organised for individuals and businesses. If you're self-employed or have additional sources of...
Find out more Get ready for the new Code Join this webinar on 4 April to find out all about the changes to ICAEW's Code of Ethics in 2025. Hear us outline the key changes and have the chance to ask questions. Book now Making Tax Digital for income tax Understand the requirements...
If you do business in several countries, for instance, you might need to file tax forms in numerous places. You might also need to claim tax relief in the UK on export-related fees – and if so, you’ll need to maintain doubly accurate records. At WorldFirst, we aim to make life...
Money in your pension pot grows largely free of tax which could help to boost the amount you have in your pot. What are the tax benefits of a pension? When you make a payment into your pension you usually receive tax relief from HM Revenue & Customs (HMRC). So the sooner you start ...
You don't need to be an expert to complete your Self Assessment tax return. Find Out More How to spot a tax scam If you receive an unexpected text, email or phone call claiming to come from HMRC, don’t respond directly. Instead, contact HMRC directly to seek verification. HMRC does...
How to register as a sole trader As a sole trader, you are not legally required to register your business at Companies House. However, you must register as a company director with HM Revenue & Customs (HMRC) in order to pay tax each year by completing your self-assessment tax return. ...
Telling HMRC about your income change Is there a simpler way to pay tax on my second income? How much tax do you pay on a second job? Mostly, the rates are exactly the same as you pay for primary employment. The basic rate applies for a second job too, just like higher and addition...
When you have secured a timeframe of your move and know your new address, you will need to notify relevant authorities of your move, both in the UK, and in your new country. This could include: HMRC who will need to be notified for tax purposes ...
If you own a business in the UK, you can provide proof of Tax Returns submitted to HMRC along with Company incorporation documents. A letter from your accountant would suffice as well. Proof of Indian Origin If you were born in India, held an Indian passport and obtained foreign nationality...
When they receive the registration Companies House inform HMRC that the LLP has been set up. HMRC will set up the LLP’s tax records so there is no need to register with them. Read more 01/04 Set up your business in the UK Contact Us Why incorporate with Sovereign? With over three...