Jerelyn Aglibao

What expenses can a sole trader claim in the UK? Sole traders in the UK can claim allowable business expenses to reduce their taxable profit. These are costs that are wholly and exclusively for business purposes, such as office costs, travel expenses, equipment, marketing, professional services, and business insurance. These rules are set by HM Revenue & Customs.

What is a Unique Taxpayer Reference (UTR)? A Unique Taxpayer Reference (UTR) is a 10-digit number issued by HMRC to identify you for tax purposes in the United Kingdom. It is mainly used when dealing with Self Assessment tax returns. Think of it as your personal tax identification number with HMRC. You usually receive a UTR when you: Register for Self Assessment Become self-employed Set up a limited company Register certain partnerships, trusts or estates  with HMRC You can have more than one...

Have you forgotten your National Insurance number? Or are you planning to get one but unsure about the process? Below is a simple and friendly guide explaining everything -- how to find your National Insurance number, how to apply if you don’t have one yet, and who needs one. What is National Insurance Number? Your National Insurance number are unique numbers for personal reference used in the UK to: make sure your tax and National Insurance contributions are recorded against your name; help...