Limited Liability Partnerships (LLPs) are a popular business structure in the UK, offering the protection of limited liability alongside the flexibility of traditional partnerships. But when it comes to tax, confusion often arises—especially around whether LLPs pay Corporation Tax.
The 2025–26 tax year brings major updates for employers and payroll teams. Key changes include a higher minimum wage, increased Employment Allowance, and adjustments to National Insurance.
The Trump administration’s imposition of sweeping tariffs in April 2025 has triggered a global trade war, with the UK navigating both direct and indirect economic risks. While the U.S. applied a baseline 10% tariff on £58 billion of UK exports—lower than rates imposed on the EU and China—the ripple effects threaten growth, jobs, and consumer stability.
The UK Spring Statement 2025 introduces major reforms to tax penalty rules, significantly increasing fines for late payments starting April 2026. Key changes include a rise in the initial 30-day penalty from 5% to 7.5%, with further 7.5% charges at 6 and 12 months (up from 5%). A new daily compounded interest rate of 8.5% (previously 6.5%) will apply from the due date, linked to the Bank of England’s base rate plus 2.5%.
As the world becomes increasingly globalized, it’s common for individuals to earn income from overseas assets or investments. If you’re a UK tax resident, you must understand the regulations surrounding overseas income and worldwide disclosure. The UK government, primarily through HM Revenue and Customs (HMRC), requires tax residents to declare their worldwide income and assets accurately.
This price plan is suitable for the start-up companies who are not VAT registered.
This price plan is suitable for the companies who are VAT registered and turnover is less than 100K with a couple of employees.
This price plan is suitable for the companies who are VAT registered; turnovers are more than 100K and have 2 directors and shareholders.
This bespoke price plan is suitable for the companies who are VAT registered, with more directors, shareholders and employees. Also, annual turnover is more than 200k and requires further bespoke services.
This price plan is suitable for self-employed individuals, landlords and those who need to submit Self-Assessment Tax Returns.
If you need to submit the Self-Assessment Tax Return, we can offer you competitive prices starting from £150 + VAT. Price can vary according to your nature of income. Please contact us for more details.
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