Quarterly Reporting Under MTD VAT: Everything You Need to Know
Quarterly Reporting Under MTD VAT: Everything You Need to Know Making Tax Digital (MTD) is one of the best steps towards digitising the tax system in the UK. Now, businesses no longer need to manually file their VAT return. Instead, they will report VAT using HMRC-recognised software. Moreover, under the MTD rules, businesses will have […]
Is there VAT on Facebook ads? A Guide for UK Businesses
Does Facebook Charge VAT? A Must-Read for UK Businesses Using Facebook Ads Understanding the complexities while running advertisements on Facebook could be challenging. You might look up to Facebook for selling products, services or when you need to promote an event. This will make you wonder about VAT on Facebook ads. Since Facebook’s Billing Entity […]
Expand to Dubai: Overcome UK Business Setup Challenges
Thinking of Expanding to Dubai? Top Challenges UK Businesses Face When Setting Up a Mainland Company in the UAE Creating a business for expansion to Dubai by UK entrepreneurs is an attractive proposition due to Dubai’s thriving economy as well as its strategic position in the region. UK Foreign Direct Investment (FDI) into the UAE […]
Top MTD Software: Select the Best Fit for Your Business
Introduction UK’s Making Tax Digital (MTD) requires businesses to keep digital records, and to file their returns using software which is compatible. As of April 2022, all businesses registered are required to keep digital records and submit VAT returns through a HMRC approved software – whether you are a sole trader, a company, a landlord or […]
MTD Expenses for Sole Traders: Maximize Your Tax Deductions
What Expenses Can Sole Traders Claim Under Making Tax Digital (MTD)? Understanding Making Tax Digital (MTD) Tax is a complex area for sole traders who find it difficult to get to grips and the government’s Making Tax Digital (MTD) policy has done nothing to change that. Knowing what you can claim as expenses is the […]
7 Essential Bookkeeping Tips for Sole Traders
Bookkeeping is the most crucial step for a sole trader to ensure financial stability. Especially when they are handling multiple operations, it becomes challenging for them to control their finances, record them and forecast budgeting for the future. Without proper bookkeeping, your business might fall into unnecessary financial stress and potential mismanagement. To keep a […]
Making Tax Digital for Income Tax: The UK’s Biggest Tax Shift Since Self-Assessment
From April 2026, self-employed professionals and landlords will no longer file just one tax return a year. You’ll be reporting every quarter. Sounds simple? It’s not. Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is one of the most ambitious (and disruptive) changes HMRC has ever rolled out. And it’s arriving faster […]
UK Tax Risks of Running a Dubai Company
Running a Dubai Company from the UK? Here’s the Tax Risk No One Warned You About Introduction: The Appeal of Dubai for UK Entrepreneurs Dubai has become a hot destination, attractive to UK entrepreneurs looking to take advantage of its 0% corporate tax rate, favorable location, and active business-friendly infrastructure. With the promise of golden […]
MTD Deadline Extended till 2028 for £20,000 Threshold Income
MTD Deadline will be extended till 2028 for £20,000 Threshold Incomes As announced in the spring statement, the HMRC MTD will apply to the self-employed and landlords by April 6, 2026, who are earning above £50,000. This threshold was extended for individuals with an income of £20,000, making it mandatory for them to comply with […]
7 Key Strategies to Avoid Inheritance Tax on a House in the UK
How to Avoid Inheritance Tax on a House in the UK: Strategies Explained One of the major questions asked when the need to transfer the house arises is that, will my home be subjected to inheritance tax? The UK government provides a threshold to inheritance tax. If your estate doesn’t fall under this threshold, you […]