Many individuals are not residents in the UK, but they have income from various sources in the UK. The most common sources of income are interest income, dividend income, rental income, income from a property sale, or even employment income. If you are a tax resident in another country and…
A limited company is a business structure used by many in the UK to run their own business. A limited company is a separate legal entity, which means that the liability of the shareholders is limited to their shareholding in the company. A limited company is mainly required to file…
A partnership is a form of business structure where two or more individuals run a business together on a profit and loss sharing basis. A partnership can be either unincorporated or incorporated. An incorporated partnership in the UK is known as a “Limited Liability Partnership” or an “LLP”. Whether a…
Self-employment is one of the most common business structures that many individuals use to run their business in the UK. A self-employed individual works for herself or himself and runs a business in such a way that, unlike most employees, they are responsible for preparing and submitting their personal tax…