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What is the Statutory Residence Test (SRT)?
The Statutory Residence Test (SRT) is a set of rules used to determine an individual's residency status for tax purposes in the United...

Adil Akhtar
Mar 7, 202311 min read


Do You Pay Stamp Duty Land Tax (SDLT) on a Transfer of Equity?
Comprehensive guide on UK Stamp Duty Land Tax (SDLT) for equity transfers, including legal processes, tax implications, and expert assistance.

Adil Akhtar
Feb 15, 202320 min read


What Are Different Types of Tax Relieves in The UK
Tax relief allows you to deduct a few payments you make at some stage in the tax year from your gross earnings, so there is less that you...

Adil Akhtar
Feb 3, 20236 min read


What Is a Tax Investigation by HMRC and How Far Back Can HMRC Investigate?
Learn what an HMRC tax investigation involves, how far back they can investigate, and steps to avoid inquiries.

Adil Akhtar
Feb 2, 202342 min read


Can We Claim Accountant Fees on Personal Tax Returns?
Index: Accountant Fees as Tax-Deductible Expenses Eligibility Criteria for Deducting Accountant Fees Across Different Taxpayer Groups...

Adil Akhtar
Feb 1, 202336 min read


What Is a Tax-Free Account?
A tax-free account, also known as a tax-exempt account, is a type of investment account in the UK that provides tax benefits to...

Adil Akhtar
Feb 1, 20235 min read


Are Joint Bank Accounts Subject To Inheritance Tax?
Explore the tax implications of joint accounts (especially with parents), inheritance tax rules, survivorship rights, exemptions, and planni

Adil Akhtar
Feb 1, 202323 min read


What are R&D Tax Credits and How to Account For R&D Tax Credits?
R&D Tax Credits are a form of tax relief available to businesses in the UK that invest in research and development activities. The...

Adil Akhtar
Feb 1, 20238 min read


Do We Get Taxed On Savings Accounts?
Learn how savings account interest is taxed in the UK, including PSA, ISAs, and tax-free strategies for 2025/26.

Adil Akhtar
Feb 1, 202313 min read


How to Check Your Tax Account with HMRC
In today’s digital age, managing taxes in the UK has become more streamlined and user-friendly, thanks to the HM Revenue and Customs...

Adil Akhtar
Jan 30, 202316 min read


How Do I Find My Corporation Tax Reference Number
Understanding the Corporation Tax Reference Number (CTRN) When running a business in the UK, one of the most critical tax obligations...

Adil Akhtar
Jan 28, 202331 min read


What Is Child Tax Credit
The Child Tax Credit is used to help families pay for the cost of raising children. It is now being replaced by Universal Credit so only...

Adil Akhtar
Dec 19, 20226 min read


Do I Need to Register for Self Assessment Tax if I’m Not Self-Employed?
If you're in Self-Assessment, you must submit a tax return every year. You have to declare your income or capital gain and request any...

Adil Akhtar
Dec 14, 202213 min read


10 Self-Assessment Expenses You Didn't Know You Could Claim
There is a myriad of eligible expenses that you can claim as legitimate ways to lower taxes you have to pay. We've listed 10...

Adil Akhtar
Dec 10, 20224 min read


How is Corporate Tax Calculated and When are Corporate Taxes Due?
What is Corporate Taxes in the UK? Corporate taxes in the UK are taxes paid by companies on their profits, also known as corporation tax....

Adil Akhtar
Nov 28, 202217 min read


How to Deregister from Self-Assessment Tax?
Do you want to know how you can Deregister from a self-assessment tax, or perhaps you're planning to retire following a successful solo...

Adil Akhtar
Nov 17, 202215 min read


Understanding the HMRC Expenses Claim Form P87: A Comprehensive Guide
Discover HMRC Form P87: claim UK tax relief for job expenses, including mileage, uniforms, subscriptions, and more.

Adil Akhtar
Nov 14, 202228 min read


How You Can Claim Your Tax Rebate Using the Free HMRC App?
Are you seeking a tax refund? There's an app to help! A genuine HMRC app that you could make use of, to claim tax refunds back from HMRC....

Adil Akhtar
Nov 8, 202212 min read


The Ultimate Guide to Personal Tax Account in the UK
Tax is something almost all of us have to face at some point or another during our lives but very few are ever actively involved in...

Adil Akhtar
Oct 22, 202215 min read


What are the Different Types of Taxes for a Small Business and How to Claim Tax Relief?
When starting a business, you may encounter various problems, which means that taxes are often deferred while more pressing problems are...

Adil Akhtar
Oct 10, 20225 min read
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