National Insurance Class 1
You might have heard there are four types of National Insurance — Class 1, Class 2, Class 3, and Class 4. They each …
PAYE Settlement Agreement Payment Deadline on 22 Oct
As we approach 22 October, UK employers should be aware of a key tax deadline: the final date …
GUIDE: Understanding the SA100 and Its Supplementary Pages
When it comes to filing your Self Assessment tax return, most individuals start with the S…
Certified proof of your company’s legal status and compliance
What is a Certificate of Good Standing?
A Certificate of Good Standing is an official …
Digital wallets offer convenience—but criminals are exploiting that. In the UK, fraudsters have tricked people into sharing their bank card details …
MTD for UK Landlords
If you earn income from letting property in the UK — whether just one rental flat or an entire portfolio — you need to know …
UK Tax Saving: Split Year Guide
What if you could legally reduce your UK tax bill just by meeting a few clear conditions?That’s exactly what Split …
On 29 September 2025, the UK Home Secretary, Shabana Mahmood MP, announced significant changes to the UK’s settlement (ILR) system. These proposals …
Your NIC Matters
When you work in the UK, you’re likely already familiar with National Insurance (NI) — it’s one of the regular deductions on your …
Registration for Self Assessment
The UK Self Assessment system might sound straightforward. But in reality, it’s full of grey areas and many people …
HMRC will look at your working relationship, not just the contract.
When assessing whether IR35 applies, HMRC will not rely solely on the written …
No ! Under UK laws, regulations, professional ethics, and guidance — especially for members of recognised professional accountancy bodies such as …
Timeline to Register Self Assessment Tax Return
As the 5 October 2025 HMRC Self Assessment registration deadline approaches, it’s time to ask …
Why are UK companies liquidated and properties confiscated?
In the UK, when a company has fulfilled its purpose—be it due to shareholder retirement, …
What is unaudited accounts in the UK?
In the UK, most small and medium-sized enterprises (SMEs) can qualify for audit exemption if they meet at …
In the UK, choosing the right business structure is one of the most important decisions when starting a business. It impacts your legal …
What is OECD Pillar 2 in the UK ?
International tax is rarely anyone’s favourite reading, but 2024 has brought a significant development: the UK’s …
A Silent Trap Many Immigrants Don’t See Coming
Over the last six months, we’ve received a surge of inquiries from applicants applying for spouse …
Virtual Address Still Works in the UK ?
Companies House’s Registered Office Address Crackdown: 11,500 Firms Struck Off Under ECCT Act 2023
Since 4 …
IDENTITY THEFT IN THE UK
Our tax blogger earlier disclosed the £47 million Tax Refund Fraud announced by HMRC recently, how that is possible? It may …
New CGT Term Explained: Adjustment to Capital Gains Tax for Post-Budget Gains
Many UK taxpayers have been perplexed by the unfamiliar line item …
If you're filing a UK Self Assessment tax return for the first time, it’s important to understand one key difference in the UK tax system: you must …
Did Inheritance Tax go to your family, or back to you after death?
Yes, you read that right. In the UK, tax doesn’t stop when life does. In fact, …
How to Complete UK Tax Return?
Filing your Self Assessment tax return isn’t just about entering numbers—it’s about getting it right. The UK tax …
Double Taxation Series (2)
Double Tax Treaty: US–UK
Double taxation occurs when the same income is taxed in two different countries. To mitigate …
Can HMRC Check Your Bank Account?
Yes, HMRC can access your bank accounts — but the answer isn’t as simple as a flat yes. Whether HMRC actually sees …
A Common but Important Question for UK Limited Companies
Many first-time UK company owners are often puzzled when they see a set of financial …
If you're a UK resident working for an overseas employer with no UK presence, you may be surprised to learn that you’re responsible for payroll and …
Didn’t the UK say it had no money ???
The UK tax authority has received a major £1.7 billion funding boost over four years to recruit thousands of …
Self-Employed / Freelance / Youtuber / Contractor / Tradespeople – Be Aware!
If you’re a tutor, Uber/UberEats/Deliveroo driver, CIS subcontractor, …
If you're running a small business in the UK, it’s always a question whether it’s alright to pay for business costs using your personal bank …
It’s that time of year again when most of us are expecting the familiar letter from HMRC reminding us to submit our Self-Assessment tax returns. But …
In the UK, employers are responsible for reporting employee benefits through P11D forms. The P11D is used to declare benefits in kind provided to …
Just Filed Your First Self Assessment?
As the 2024–2025 tax year closed on 5 April 2025, HMRC has now begun issuing notices to individuals who need …
How to choose a e-Commerce platform to start your e-Business ?
Amazon UK
Market Share: As of December 2023, Amazon accounted for over 48% of …
What is an Accountant's Certificate of Confirmation?
An Accountant's Certificate of Confirmation is a document issued by an accountant certifying …
Micro vs Small Company Accounts, Abridged vs Full Accounts ???
Many small business owners and company directors in the UK often ask the same …
Employee vs. Self-Employed Confusion:
Who am I? Where am I?
In the UK, whether you are considered an "employee" or "self-employed" is not a matter …
Key Changes of 2025 SA100 Form You Should Know
HMRC has made several updates to the Self Assessment tax return for the 2024–2025 tax year. While …
HMRC Confirms £47 Million Fraud via Personal Tax Accounts. 100,000 taxpayers’ information was leaked.
Who Can You Trust?
On 4 June 2025, HM Revenue &…
Attention Online Sellers: HMRC Targets Income via Digital Platforms
Online sellers need to be aware of a major shift in how income made through …
It’s not only for visa applications — rental agreements, loan applications, and even certain financial reviews may require an official Accountant’s …
Dear Valued Client,
Thank you for your continued trust and support. In order to maintain the high standard of professional service you have come to …
With Rising Costs, How To Save Employer NIC with Salary Sacrifice ?
With the continued rise in employer National Insurance contributions (NIC), the …
VAT Schemes in the UK: What You Need to Know
VAT can be a complicated area for businesses, but choosing the right VAT scheme can make financial …
Double taxation occurs when the same income is taxed in two different countries. To mitigate this, many nations establish double tax treaties, which …
What Are Capital Allowances?
Capital allowances offer a valuable tax relief mechanism for businesses, allowing them to deduct the cost of certain …
In the world of tax, one question we often hear from clients is: “If I receive a large deposit into my bank account, will HMRC investigate?”
The …
Overseas Entities: New Filing Requirements from 31 July 2025
Important update for overseas company owners with UK property or land: From 31 July …
What Small Businesses Need to Know
The latest UK economic figures offers important insights for small businesses like restaurants, cafés, …
The UK tax system is undergoing its most significant change in a generation, and it’s happening now. The government’s Making Tax Digital (MTD) …
Are You Eligible to the New Employment Allowance ?
As of 6 April 2025, the UK government is introducing major enhancements to the Employment …
Rising Costs in 2025: £40 Billion Blackhole — £25 Billion Passed to Employers
The UK government is facing a £40 billion financial shortfall, and …
Understanding IR35 - What UK Businesses & Contractors Need to Know
IR35, the "off-payroll working rules," have created a huge impact on how …
Choose a Legal Structure for Your Business — Limited Company, Sole Trade, or Partnership ?
When starting a new business in the UK, one of the first …
What is the ECCT Law?
The ECCT Act is a set of reforms designed to improve the transparency and accuracy of company information in the UK, …
Guidance on Filing and Disclosing Responsibilities to Companies House: Limited Companies, Partnerships, and LLPs
As a director of a UK company, …
On March 26, 2025, Chancellor Rachel Reeves delivered the UK's Spring Statement, outlining several significant fiscal measures and economic forecasts.
UK Limited Companies: New Filing System for 2025 and Beyond
The introduction of new filing requirements for companies in the UK is part of a broader …
BIK Explained
Understanding Employee Benefits in Kind (BIK) and Tax Implications
When a business provides non-cash benefits to employees, such as …
Year-End PAYE Filing Guide - for Payroll Manager
As we approach the end of the 2024-25 tax year, it’s important to understand the basic payroll …
2025 National Minimum Wage Update
As April 2025 approaches, the National Minimum Wage (NMW) is set to increase, marking an important change for all …
MTD for sole traders, self-employed, landlords
Making Tax Making Tax Digital (MTD) is a new way of reporting income and expenses to HM Revenue & …
Closure of HMRC Free Filing Service – What This Means for Your Business
The recent, low-key announcement by HMRC that it will close its free online …
Do you use a registered address or a virtual office for your UK company?
As part of ongoing updates to company law following the Economic Crime and …
Calculation of Basis Period Reform Transition
The UK’s Basis Period Reform aims to align the taxable reporting period for self-employed individuals …
Verification of Overseas Entities
The Register of Overseas Entities was introduced on 1 August 2022, following reforms in company law aimed at …
The final deadline to submit your online Self-Assessment tax return is January 31, 2025 (by midnight). If you owe tax, it must also be paid by the …
SEASONAL GREETINGS
Thank you for your trust and support in 2024. We are always committed to providing professional tax and accounting services at …
The Threat of AI Deepfake Fraud
Why It’s Time to Rethink Your Online Privacy ?
It's noticed how much more intrusive platforms like Google, Facebook, …
UK Limited Companies - How to Stop Compulsory Strike Off ?
Have you received a letter from Companies House notifying you that your company is …
Increase in Employer and National Insurance (NI) Contributions
With the announcement of the 2024 budget, National Insurance (NI) contributions will …
Tax Allowances, Tax Reduction, Tax-Free Items
UK tax season is coming, are you ready? Many people have already received notices from HMRC reminding …
Fulfilment House Due Diligence Scheme
The Fulfilment House Due Diligence Scheme (FHDDS) is a new regulatory requirement introduced by the UK …
Budget 2024: What you need to know?
Chancellor Rachel Reeves has just announced Labour’s first budget since 2010 from Downing Street. Here are the …
Important update for self-employed individuals and property owners!
HMRC has issued new guidance on 16 October 2024 for working out qualifying …
What the UK Inheritance Tax Changes Mean for Non-Domiciled Individuals
The UK government is preparing to make sweeping changes to the inheritance …
What kind of Overseas Entities need to register in the UK ?
On August 1, 2022, the UK enacted the Economic Crime (Transparency and Enforcement) Act …
Reminder to UK taxpayers who need to complete a tax return for the 2023 to 2024 tax year to notify HMRC by 5 October 2024. This can be done by …
Navigating Taxes in the Digital Content Creation World
As a content creator or influencer in the UK, you’re part of a growing industry now worth £19 …
First 100 Days of the new Labour Government
What Should Small Businesses and Taxpayers Expect?
As the first 100 days of the new Labour Government …
Self-Employed Web Design/ Programmer: Do I Need to Pay Taxes?
As a self-employed web designer or programmer, it is crucial to understand the …
Tax Tips for Online Store, eCommerce, Online Seller, Amazon, eBay sellers
Sole Trader? Online Seller? Here’s What You Need to Know!
If you’re an …
Statutory Responsibility for Filing Limited Company Accounts
(Including New Rules for Overseas Entities)
As a director, you have a legal …
Companies House Response to ECCT
The New Requirement of Identity Verification & Electronic Filing for Overseas Entities
Recent reforms under the Econ…
Understanding DPNI in the UK - Self-employment or Direct Payment Scheme?
In the UK, understanding your employment status is critical, not just for …
UK Spring Budget 2024
With the Spring Budget 2024 annoucned earlier, new measures and policies have been revealed, along with their implementation …
Basis Period Reform
Base period reform, which is the switch to a new tax year basis accounting reporting period, from April 2024, if you are a sole …
Companies House Fee Increase for Company Registration
In line with the rising cost of everything, Companies House has dramatically increased the …
What is P6 Tax Code Notice ?
Have you ever received a P6 Tax Code Notice that didn’t make sense? You’re not alone. A P6 notice is issued by HMRC to …
Understanding the Latest Changes to UK Company Law
In an effort to drive confidence in the UK economy and tackle economic crime, Companies House has …
HMRC Notices to Tax Payer for Self Assessment Tax Return 2024
In the past few weeks, many taxpayers have received their notice for the Self …
Streamline Your Finance with Quickbooks Online's New Features
In today's fast-paced business environment, managing finances effectively is crucial …
Update April 2024: Changes to UK Company Law Announced by Companies House
HMRC Tax Agents would have received an update from Companies House …
New National Minimum Wage
-> Start from 1 April, 2024 <-
The National Minimum Wage (NMW) is the minimum hourly rate that workers of different …
Implications for Directors, Shareholders, and Overseas Businesses
The UK is set to implement significant changes to company law under the Economic …
File Your Tax Online
For The Year Ended 5 April 2023
By 31 January 2024
The UK tax year starts on 6 April and ends on 5 April the following year. If …
Dear customers,
Thank you for your trust and continued support in 2023. We are always committed to providing professional tax services at reasonable …
If you work in the construction industry, understanding the Construction Industry Scheme (CIS) is crucial. This scheme specifically applies to …
Employment = self-employed ???
Am I employed or self-employed?
Whether you are employed, self-employed, both or neither will make a difference to …
When business should register VAT?
Your business has exceeded the VAT registration threshold (new business started this time last year). According …
In today's business landscape, it's essential to be prepared for potential HMRC tax investigations. Here's a comprehensive guide to help small …
Directors are responsible for supervising the activities of the corporation and for making decisions regarding those activities. Officers are …
Give expert tax advice on the complex UK taxation rules, often not the most straight forward. Accounting is one thing, we are expertise in tax …
Some small business owners like to do it all. They like to take charge of everything from inventory to marketing to hiring new people to bring on …
Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax.
Tax is usually deducted automatically from wages, pensions and …
Why You Should Use Online Accounting Software?
Accounting efficiency and accuracy. Real-time data on your company's financial health. Automated …
Virtual Financial Controller
You focus on your business, we handle the rest for you.
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Hello, there! And thank you for visiting our new blog!
Here at Elaga Accountancy, we believe in providing our customers with only the best …
We want you to succeed. Your success is our target and we thrive all you have to make this happened. Unlike other accountants, where you are merely …
UKVI's Visa Financial Requirement
Immigration's Financial Requirement
According to UKVI's latest information published on 7 December 2021, in order to …
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top …
Simplify Your Works
We intend to save your time, simplying complicated processes into simple jobs. We use online accounting software which maxmise …
IFA Practising Accountant can Sign Statement of High Net Worth
Financial Conduct Authority (FCA) recognized the Institute of Financial Accountants …
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