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Half a million Self-Employed Workers Might Pay More Taxes Because of New HMRC Rules 

Half a million Self-Employed Workers Might Pay More…

What is PAYE Tax?   PAYE (Pay As You Earn) tax…

VAT Tips for Serviced Accommodation Operators: Save Money on Tax 

VAT Tips for Serviced Accommodation Operators: Save Money…

Serviced Accommodation has become the preferred choice for many travellers…

HMRC’s new Cryptoassets Tax Disclosure Facility 

HMRC’s new Cryptoassets Tax Disclosure Facility 

In recent years, cryptocurrencies have experienced remarkable growth and change.…

HMRC Clarifies Electric Car Charging Tax Reimbursement

HMRC Clarifies Electric Car Charging Tax Reimbursement

The tax authorities in the United Kingdom, operating under the…

HMRC Offers Three-Day Work Week and Pay Rise in Summer

HMRC Offers Three-Day Work Week and Pay Rise…

HM Revenue and Customs (HMRC) is giving staff the chance…

Important Dates and Deadlines for the UK Tax Year 2023/24 

Important Dates and Deadlines for the UK Tax…

Are you searching for important dates for taxes in the…

How to Avoid Common Mistakes in Your R&D Tax Relief Claims

How to Avoid Common Mistakes in Your R&D…

Research and development (R&D) tax relief is a helpful tool…

What Does a Finance Director Do?

What Does a Finance Director Do?

What Does a Finance Director Do in the UK?  A…

How to register as a sole trader

How to register as a sole trader

Anyone seeking self-employment and the autonomy to manage their business…

Crypto Tax UK: An Ultimate Guide

Crypto Tax UK: An Ultimate Guide

Introduction  In today’s digital age, cryptocurrencies have rocketed into space,…

What is the Significance of a P11D form?

What is the Significance of a P11D form?

What is a P11D form?  A P11D form copy is…

Unlocking Tax Benefits: Why Limited Companies Should Consider Electric Vehicles

Unlocking Tax Benefits: Why Limited Companies Should Consider…

In recent years, Electric Vehicles (EVs) have developed as an…

Unlocking the HMRC Worldwide Disclosure Facility (WDF): A Guide to Navigating Tax Compliance

Unlocking the HMRC Worldwide Disclosure Facility (WDF): A…

In the ever-evolving landscape of tax regulations, staying on the…

How to Easily Recover Your HMRC Login Password

How to Easily Recover Your HMRC Login Password

Introduction to HMRC Account Access:   If you cannot access your…

Tax Relief on Pension Contribution

Tax Relief on Pension Contribution

When it comes to ensuring your financial future, few tools…

Delving into the Financial Flavors: Accounting Insights for Food and Beverage Industry

Delving into the Financial Flavors: Accounting Insights for…

The food and beverage industry are a diverse and thriving…

How Do You Claim R&D Tax Credit? A Comprehensive Guide

How Do You Claim R&D Tax Credit? A…

When it comes to fostering innovation and driving technology and…

Accounting for Startups: Navigating Financial Success from the Ground Up

Accounting for Startups: Navigating Financial Success from the…

Embarking on a startup journey requires more than just a…

Effective Tax Strategies to Maximise Business Growth For SMEs

Effective Tax Strategies to Maximise Business Growth For…

In today’s competitive business landscape, optimizing financial strategies is paramount…

Sustaining Your Family Business for Generations: Best Practices in the UK

Sustaining Your Family Business for Generations: Best Practices…

Running a family business is a labor of love, a…

Xero Online Accounting: Simplifying UK Tax Regulations

Xero Online Accounting: Simplifying UK Tax Regulations

In the era of digital transformation, businesses in the UK…

Effective VAT Return Solutions to Optimize Your Business’s Taxation

Effective VAT Return Solutions to Optimize Your Business’s…

In the realm of UK business taxation, Value Added Tax…

Payroll Services for Your UK Business: A Comprehensive Guide

Payroll Services for Your UK Business: A Comprehensive…

Managing payroll is a critical aspect of running a successful…

HMRC Self-Assessment Helpline Closed Between 12th June 2023 to 4th Sep 2023

HMRC Self-Assessment Helpline Closed Between 12th June 2023…

In a concerning development for UK taxpayers, Her Majesty’s Revenue…

The CEO of Lanop Business and Tax Advisors Shortlisted at The British Business Awards 2023!

The CEO of Lanop Business and Tax Advisors…

We are delighted to share the exciting news that our…

Starting a Business in the UK: Essential Steps for Success

Starting a Business in the UK: Essential Steps…

Embarking on the thrilling journey of starting a business is…

Why Bookkeeping is More Than Just Number-Crunching for Your UK Business

Why Bookkeeping is More Than Just Number-Crunching for…

Welcome to Lanop, your trusted source for expert advice on…

Let Property Campaign (LPC): A Comprehensive Guide for Landlords

Let Property Campaign (LPC): A Comprehensive Guide for…

Introduction:  As a landlord, it is crucial to ensure that…

How to pay your inheritance tax in instalments?

How to pay your inheritance tax in instalments?

Inheritance tax is supposed to be paid by the end…

Navigating the HMRC Worldwide Disclosure Facility (WDF): A Comprehensive Guide to Tax Compliance

Navigating the HMRC Worldwide Disclosure Facility (WDF): A…

The HMRC Worldwide Disclosure Facility (WDF) is a critical mechanism…

Sole Traders: How to Optimize Your Tax Strategy in the UK

Sole Traders: How to Optimize Your Tax Strategy…

One of the most important aspects of running your business…

Exporting goods from the UK to the EU after Brexit? You need to know this!

Exporting goods from the UK to the EU…

If you are an exporter, you need to be aware…

Tax payment on your private pension contributions

Tax payment on your private pension contributions

Most pension contributions are tax-free up to certain limits. This…

What are some of the key Post-Brexit VAT Changes

What are some of the key Post-Brexit VAT…

What are the changes for those importing goods from EU…

What are Your Rights and Obligations When You Have Done Something Wrong in Compliance Checks?

What are Your Rights and Obligations When You…

This article carries on from the previous one on How…

What is the Concept of Tax Residency and Foreign Income?

What is the Concept of Tax Residency and…

1. What is foreign income?  Foreign income is anything from…

Creating a Will Trust: What You Need to Know

Creating a Will Trust: What You Need to…

Creating a Will Trust: What You Need to Know  Death…

What Expenses Can Landlords in a Property Rental Business Claim Back?

What Expenses Can Landlords in a Property Rental…

In this article, we look at a checklist of expenses…

Job Retention Bonus Scheme Gets Further Guidance From HMRC

Job Retention Bonus Scheme Gets Further Guidance From…

HMRC has provided further guidance for the Job Retention Bonus…

Trader Support Service goes live! Changes to take effect from 1st January 2021

Trader Support Service goes live! Changes to take…

Trader Support Service (TSS) is used to guide through any…

Buying an Electric Car? You May Find This Useful!

Buying an Electric Car? You May Find This…

 Interest around electric cars is gaining momentum as different companies…

How to Apply for a Certificate of Residence?

How to Apply for a Certificate of Residence?

A certificate of residence (CoR) is used to help individuals…

Handling Pension Affairs of a Deceased Loved One

Handling Pension Affairs of a Deceased Loved One

Losing a loved one can be completely divesting and there…

Non-Residents to Pay Capital Gains Tax on Sales of UK Residential Property

Non-Residents to Pay Capital Gains Tax on Sales…

Becoming non-resident and death have traditionally been some of the…

No Late Filing Penalty To Be Imposed On Self-Assessment Customers Who File Online By 28 February!

No Late Filing Penalty To Be Imposed On…

Acknowledging the exceptional circumstances created by the pandemic, HMRC Chief…

How is UK Tax Calculated? Philosophy and Significance

How is UK Tax Calculated? Philosophy and Significance

UK Tax; Philosophy and History For centuries one of the…

What is a Corporate Tax Residency and What Information Do Entities Need to Provide?

What is a Corporate Tax Residency and What…

What Is The Concept Of A Corporate Tax Residency? Corporate…

Are You Looking to Switch Accountants? Follow These 5 Steps

Are You Looking to Switch Accountants? Follow These…

Most clients and businesses are usually unaware of how to…

How To Create Your Government Gateway Account?

How To Create Your Government Gateway Account?

Setting up Government Gateway Account A Government Gateway user ID…

What Is Intrastat And What Should You Know About It?

What Is Intrastat And What Should You Know…

What is Intrastat? Intrastat is a system that collects statistics…

How to Respond to Money Laundering Allegations

How to Respond to Money Laundering Allegations

Anyone facing a money laundering investigation needs to seek expert…

How to Ensure AML Compliance

How to Ensure AML Compliance

AML fundamentals As each jurisdiction has specific AML requirements, let’s…

The Advantages of Voluntary VAT Registration for Small Business

The Advantages of Voluntary VAT Registration for Small…

Value Added Tax (VAT) is the sales tax levied against…

Limited Company Closure; Why, When and How?

Limited Company Closure; Why, When and How?

The Why And When Of Closing A Limited Company Starting…

Here’s Everything You Need To Know About Bounce Back Loans!

Here’s Everything You Need To Know About Bounce…

What Are Bounce Back Loans?  Bounce Back Loans are intended…

How To Decipher HMRC’s Legal Letter?

How To Decipher HMRC’s Legal Letter?

HMRC may send a legal letter in case it observes…

What are allowable expenses for the self-employed?

What are allowable expenses for the self-employed?

A business has various running costs – some of which…

Here Are All The Changes In VAT After Brexit!

Here Are All The Changes In VAT After…

In this section, we will look at how the VAT…

Importing from the EU to the UK? Read this first!

Importing from the EU to the UK? Read…

If you wish to import from the EU after the…

Should You Buy a Car Through Your Limited Company?

Should You Buy a Car Through Your Limited…

Once you decide to buy a car, the question arises…

Here’s everything you need to know about Bounce Back Loans!

Here’s everything you need to know about Bounce…

What Are Bounce Back Loans?  Bounce Back Loans are intended…

9 Ways You Can Reduce Your Income Tax Bill!

9 Ways You Can Reduce Your Income Tax…

All of us have wanted to find some potential income…

Budget 2021 Highlights

Budget 2021 Highlights

Budget contents have been unveiled by Chancellor Rishi Sunak in…

Cybercrime Alert: Hackers Sending Out Mails To People Pretending To Represent HMRC And Scamming Them Under The Pretext Of COVID-19 Relief Package

Cybercrime Alert: Hackers Sending Out Mails To People…

Previously, we mentioned how HMRC introduced COVID-19 relief and the…

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