An operating lease is a rental agreement where a company uses an asset without owning it. The company (lessee) pays the owner (lessor) to use the asset for a set time. After the lease ends, the asset...

Prepayments are payments made before their due date. This can apply to settling debts early or paying for goods and services in advance. For instance, paying off a loan ahead of schedule or covering...

A debenture is a type of debt instrument companies use to raise funds from the public or private investors. It works like a loan where the company borrows money and agrees to pay it back with interest...

A Company UTR (Unique Taxpayer Reference) number is a 10-digit number given by HM Revenue and Customs (HMRC) to businesses in the UK. This number is used to identify your company for tax-related...

A floating charge is a loan security allowing lenders to claim changing assets like stock, inventory, or receivables...

The Construction Industry Scheme (CIS) tax is a system used in the United Kingdom to manage and streamline tax payments in the construction sector...

A marginal relief calculator is a tool designed to help taxpayers estimate the relief they may receive under marginal tax rules...

Input VAT refers to the Value Added Tax (VAT) a business pays on goods or services purchased for business use. It is the VAT charged by suppliers on items or services the business needs to produce its...

The P85 form is a document used in the UK for tax purposes when an individual leaves the country. It is submitted to HM Revenue and Customs (HMRC) to: This form is particularly useful to ensure your...