I am late for Self-Assessment Tax Returns. What I should do now?

Every year, thousands of UK taxpayers miss the self-assessment tax return deadline. …

A UK Direct Payment Scheme Few People Talk About

Direct Payment National Insurance (DPNI) is one of those UK tax mechanisms that most people have …

Why Voluntary Disclosure Is Better Than Waiting for HMRC to Find Out

When UK taxpayers realise they may have filed a tax return late, missed income, …

Countdown to the Self Assessment Deadline – Don’t Leave It to the Last Minute

The Self Assessment tax return deadline is 31 January 2026, and there …

Multiple Jobs, Multiple Earnings in UK

Many people today are looking for ways to earn extra income. A side project, freelance work, online selling, …

What You Need to Know Before 31 January 2026

The Self Assessment tax return deadline for the tax year ending 5 April 2025 is 31 January 2026. By …

Filing a UK personal tax return is a key annual responsibility for many individuals. This is especially important for those with overseas income, …

On 30 October 2024, HM Revenue & Customs (HMRC) published its policy paper “Tackling non-compliance in the umbrella company market”, marking a …

From 18 November 2025, identity verification will become a legal requirement for all UK company directors and persons with significant control …

When You Realise an Employee’s Payroll Was Wrong — After You’ve Already Submitted PAYE

You’ve clicked “Submit,” sent your PAYE to HMRC, and finally …

What is IFRS 15 ?

IFRS 15 is an international accounting standard concerning Revenue from Contracts with Customers. It might sound like an …

Declaring Foreign Income

If you receive income from non-UK sources, you may need to fill in the supplementary form SA106 as part of your UK Self …

A qualified UK accountant doesn’t need your Gateway.

Have You Been Asked for Your Government Gateway Credentials by Your Accountant? Here's Why It's …

HMRC Halloween Reminder:

31 October Self Assessment Tax Return Deadline

HMRC has once again urged taxpayers not to miss the Halloween deadline for …

In the UK, Self Assessment is a tax system under which taxpayers are required to declare their own income and tax position. Unlike the PAYE …

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 question: …

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. This post of our tax blogger will outli ne several significant …

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 …

Understanding Employee Benefits in Kind (BIK) and Tax Implications

When a business provides non-cash benefits to employees, such as covering …

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. We update …

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

If you’re an online seller, whether on eBay, Amazon, or other platforms, …

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 announced 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 ages …

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 blogger will regularly update and …

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.

Your Outsourced Financial Controller - we take care of …

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 …

HMRC Sets All Tax Digital – Are You Ready?

HMRC is transforming the way taxes are managed across the UK with its Making Tax Digital (MTD) …

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 Hi gh Net Worth

Financial Conduct Authority (FCA) recognized the Institute of Financial Accountants …

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Fast and efficient service at low cost

We provide efficient yet comprehensive services and solutions. You need a accountant to …

Best accountant for small businesses and SME in UK. We offer simple and affordable accounting services. Practising member of IFA, IFA is the …