NHS UK is National Health Service in the UK and it is managed by the UK government. NHS issue 10 digit unique number to every UK resident so they can access the medical history of the patient and the patient can access the NHS services like GP consultations, hospital treatment, and medicines. The NHS number … Read more
Tax code 1257L refers to the United Kingdom’s tax code system used by Her Majesty’s Revenue and Customs (HMRC). However, as an AI language model, I cannot provide real-time or up-to-date information on specific tax codes. Moreover, tax codes can change over time as the government introduces new policies or adjusts tax rates. It’s always … Read more
A company limited by guarantee (CLG) in the UK is a legal structure commonly used by non-profit organizations, charities, and social enterprises. Here are some key points about CLGs in the UK: Legal Entity: A CLG is a legal entity different from its members, with its own legal rights and duties. Members and Guarantors: CLGs … Read more
In UK Unique Taxpayer Reference (UTR) number is a 10-digit number assigned to individuals and organizations by HM Revenue & Customs (HMRC). The name itself is defined as unique which states that it’s a unique number for everyone in the UK whether individuals or organizations. It is also used in many UK government related tasks … Read more
In the UK, a person who manages a company independently and is accountable for it individually is referred to as a sole trader. This refers that the person is in charge of running the company and is accountable for any business-related debts and losses as well as for maintaining all earnings. The individual must file … Read more
IHT400 is the form used in the United Kingdom (UK) to report inheritance tax. It is also known as the Inheritance Tax Account in UK. The IHT400 form is used to provide details of the estate of a person who passed away, the assets and liabilities that make up the estate, and any inheritance tax … Read more
The term “S455 tax” refers to a tax charge that can apply to loans made by UK-resident close companies to their participators (i.e. shareholders and directors who have a material interest in the company in UK). The S455 tax is designed to prevent individuals from extracting funds from their companies in the form of loans, … Read more
