Tag: UK company
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Making Tax Digital for Self-Assessment: More Convenience or More Control?
If you’re self-employed, rent out property, or run a small business, you’ve probably heard about “Making Tax Digital,” or MTD. The government calls it a modern, smarter way to deal with tax. The official message is that it will make life easier and reduce errors. But many people see another side to this reform—one where…
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Does the UK government impose more control on small business?
UK authorities assure a drive towards greater transparency, digital adaptation, and fiscal efficiency in company and tax administration with regard to the introduced updates to regulations on companies and business activities. However, it seems that the real aim is increased oversight and control. Key changes include Companies House reforms starting in November 2025, fee increases…
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Companies House identity verification: what to do, how to do it, and what happens if you don’t
From 18 November 2025, identity verification becomes mandatory for individuals who set up, run, own or control UK companies, under the Economic Crime and Corporate Transparency Act. This is being phased in over 12 months, but obligations start immediately for new appointments and incorporations on or after 18 November 2025. The aim is to improve…
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Working as Self-Employed in the UK: What You Need to Know
Becoming self-employed in the UK is a popular option for individuals seeking flexibility, independence, and control over their work life. Whether you’re a sole trader, freelancer, or gig worker, understanding the opportunities and responsibilities that come with self-employment is essential. What Is Self-Employment, Actually? Self-employment in the UK refers to working for yourself rather than…
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New tax year 2025/26
The government has introduced several significant tax changes for the upcoming 2025/26 tax year, affecting both individuals and businesses. This leaflet outlines the most important updates, particularly for residents of England, Wales, and Northern Ireland. Unfortunately, this marks another year of stealth tax increases, primarily through the freezing or reduction of tax-free allowances. INCOME TAX…
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UK limited company
A private limited company is one of the most popular business ownership structures in the United Kingdom, offering several advantages not found in other legal forms. Key Characteristics Unlike a sole proprietorship (sole trader) or a partnership, a private limited company has a legal identity separate from its owners. This means the company exists independently…
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Tax residency of a company
The issue of corporate tax residency is crucial for entrepreneurs deciding to establish a company abroad, particularly in the United Kingdom. A company’s tax residency determines the jurisdiction in which the company must pay tax on its entire income, regardless of where the income was actually generated. In the UK, a company’s tax residency is…