UK Sponsor Licence for Employers | Taxoo
Guide for UK business owners on sponsor licences, hiring foreign staff, compliance duties, costs, and benefits of becoming a licensed sponsor.| Taxoo | Tax, Accounting & Business
The UK’s sponsorship system is the central mechanism that enables employers to lawfully recruit non‑UK nationals to work in Britain. Operating within the points-based immigration framework, it is underpinned by the Immigration Rules and detailed Home Office sponsor guidance. Together, these set out a rigorous regime of eligibility, ongoing duties, and enforcement powers for sponsoring […] The post UK Sponsorship for Hiring Foreign Workers first appeared on Taxoo.| Taxoo
Guide for UK business owners on sponsor licences, hiring foreign staff, compliance duties, costs, and benefits of becoming a licensed sponsor.| Taxoo | Tax, Accounting & Business
Taxoo: Expert UK business advice on tax, finance, marketing, accounting, HR, and legal content. Discover practical tips and professional insights for your business.| Taxoo | Tax, Accounting & Business
Many UK business owners are unaware of the immigration rules that apply when they want to bring in foreign nationals for short-term business activities. A common question is: “Can I hire someone who’s in the UK on a Visitor Visa?” The short and direct answer is no. A UK Visitor Visa (officially called the Standard […] The post Can You Employ Someone on a UK Visitor Visa? first appeared on Taxoo.| Taxoo
National Insurance (NI) is a system of contributions paid by workers and employers in the UK to fund specific state benefits. These include the State Pension, statutory sick pay, maternity pay, and other social security benefits. Unlike income tax, which is used for general government spending, NI specifically supports the welfare and social protection structure. […] The post National Insurance UK: Full Guide 2025/26 first appeared on Taxoo.| Taxoo
Understand UK income tax rules for individuals and businesses. Rates, thresholds, allowances, and filing tips in line with UK tax and accountancy law.| Taxoo | Tax, Accounting & Business
In 2024, the International Accounting Standards Board (IASB) released the long-anticipated third edition of the IFRS for SMEs Accounting Standard, marking the first major update to the framework since 2015. This edition brings the standard in closer alignment with full IFRS while preserving its simplified structure and suitability for small and medium-sized entities. The IFRS […] The post IFRS for SMEs: Third Edition Released with Significant Updates first appeared on Taxoo.| Taxoo
In the UK, any employer that provides employees or directors with shares or securities—whether as part of a formal share scheme or through ad hoc arrangements—is required to report these events to HM Revenue & Customs (HMRC) via an annual Employment-Related Securities (ERS) return. These rules apply regardless of whether the company operates a registered […] The post Employment-Related Securities Reporting: Key Deadlines 2025 first appeared on Taxoo.| Taxoo
In a move that reflects both post-Brexit independence and global tax alignment efforts, the UK government has announced a package of proposed reforms to its international tax rules. These reforms—targeting transfer pricing regulations and the Diverted Profits Tax (DPT)—form part of a broader agenda to simplify the UK tax system, reduce unnecessary compliance for domestic […] The post International Tax Reforms: A Strategic Shift in UK Cross-Border Tax Policy first appeared on Taxoo.| Taxoo
The UK government has enacted a significant reform to company reporting rules by increasing the financial thresholds that define a company’s size for accounting and filing purposes. From 6 April 2025, businesses will see the turnover and balance sheet limits rise by approximately 50%, allowing thousands more companies to qualify for simplified reporting obligations under […] The post Revised Company Size Thresholds Take Effect from April 2025 first appeared on Taxoo.| Taxoo
The Financial Reporting Council (FRC) has published substantial amendments to FRS 102 (The Financial Reporting Standard applicable in the UK and Republic of Ireland) and FRS 105 (The Financial Reporting Standard applicable to the Micro-entities Regime). These changes are set to take effect from 1 January 2026, with early adoption permitted for financial statements prepared […] The post Major Updates to UK GAAP: Revisions to FRS 102 and FRS 105 Effective 2026 first appeared on Taxoo.| Taxoo
