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When setting up a business in the UK, entrepreneurs often weigh the pros and cons of different business structures based on which
Starting a new tax year brings an opportunity to review savings and investments to make sure you maximise tax reliefs. Here’s a
A Limited Liability Partnership (LLP) is a hybrid business model that combines the operational flexibility of a traditional partnership with the limited
A Limited Liability Partnership (LLP) is a popular business structure among entrepreneurs in the UK, blending the operational flexibility of a traditional
Limited Liability Partnerships (LLPs) offer a flexible business structure to entrepreneurs who prefer flexibility. It combines the elements of partnerships and limited
Like every other business structure in the UK, a Limited Liability Partnership (LLP) is not immune to tax obligations. Yet, an LLP
I was recently asked about the payment of capital gains tax (CGT) by instalments following a management buyout of a private company
The recovery of VAT on clothing bought by a business for its staff can result in disputes with HMRC. HMRC states that
A Limited Liability Partnership (LLP) is a popular business structure in the UK, for it merges the flexibility of a traditional partnership
With the structural flexibility and limited liability protection, an LLP is an ideal choice for individuals seeking to form a partnership with
The entrepreneurs pursue the combined benefits of a traditional partnership with the limited liability of a company, and the business structure of
Workers who have undertaken work arranged by an employment agency may have found themselves working for an umbrella company. Generally, the recruitment
Those of a certain vintage will remember ‘Auf Wiedersehen, Pet’, a comedy series from the 1980s. Of course, a PET (potentially exempt
In the UK, a Limited Liability Partnership (LLP) offers a hybrid business structure to entrepreneurs that merges the flexibility of a traditional
For the entrepreneurs prioritising flexibility in a business structure, Limited Liability Partnerships (LLPs) are a choice as good as it gets. Thus,
In the UK, a self-employed individual who receives rental income from an overseas property is liable to pay tax on their overseas
The changes to agricultural property relief (APR) and business property relief (BPR) announced in the Autumn Budget 2024 by Rachel Reeves mean
You can transfer a VAT registration number if there’s a change of business ownership or legal status. For example, if: you take
Similar to any other business structure, self-employed individuals are not immune to fulfilling their tax obligation, regardless of how much authority, control,
Self-employed individuals are those who relinquish the nine-to-five traditional office job to ride solo. In addition to the multi-faceted benefits accompanying self-employment,
Football supporters of a certain age will be familiar with the name of Bryan Robson, particularly the important part he played between
Everyone is entitled to an inheritance tax (IHT) ‘nil-rate band’ of up to £325,000 (for 2025/26) on death, reduced by any gifts
Like any other business structure in the UK, running a business as a self-employed individual in the UK also comes with numerous
The capital gains tax (CGT) legislation in TCGA 1992, s 253 (relief for loans to traders) provides for capital gains tax (CGT)