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The UK Non-Resident Landlord (NRL) Scheme requires landlords residing outside the UK but earning rental income from UK properties to follow specific tax procedures. Under this scheme, letting agents or tenants who pay rent directly to a non-resident landlord must...
UK Non-Resident Landlord Scheme

UK Non-Resident Landlord Scheme

UK Non-Resident Landlord Scheme The UK Non-Resident Landlord (NRL) Scheme requires landlords residing outside the UK but earning rental income from UK properties to follow specific tax procedures. Under this scheme, letting agents or tenants who pay rent directly to a...
AI and Accounting

AI and Accounting

AI and Accounting Generative AI technologies have created quite a buzz, but they often don’t live up to the hype. Accountants and bookkeepers are starting to share how they’re using AI in their day-to-day work – including us at GnC accounting. For ages, tech has...
Gift Aid

Gift Aid

Gift Aid is a UK government scheme that allows charities to claim back tax on donations made by individuals who are taxpayers. When you donate to a charity, if you are a UK taxpayer, the charity can increase your donation by 25 percent at no extra cost to you. This...
VAT Registration Estimator

VAT Registration Estimator

VAT Registration Estimator HM Revenue and Customs (HMRC) has rolled out a new digital tool to help businesses figure out what registering for VAT might mean for them. The VAT Registration Estimator was created after small businesses said they’d find an online tool...