There are three ways in which former students with student or post-graduate loans can make loan repayments: Students will normally start making repayments from the
A Second job can be an excellent way to earn extra income, pursue your passions, and gain more flexibility. So Having a second job as
The VAT flat rate scheme is a simple VAT scheme for smaller VAT-registered businesses. Rather than pay the difference between the VAT charged to customers
Children may have their own income. This may be in the form of savings income on accounts that they hold or, for older children, income
If you have room on your drive, you may be able to earn additional income by letting out one or more parking spaces. This can
The way in which you operate your business determines the taxes that you pay and also your reporting obligations. If you work for yourself and
A Payment on Account (PoA) is an advance payment towards your tax bill in the UK. It helps spread the cost of your tax liability,
The fall in the dividend allowance in recent years may mean that you now need to pay tax on your dividend income for the first
HMRC has not been getting good press lately. Time spent waiting for a tax refund, an answer to a letter or for over an hour
Landlords with furnished holiday lettings (FHLs) face an uncertain future. At the time of the Spring 2024 Budget, it was announced that the tax regime
To qualify for a full state pension, you need 35 qualifying years. You can earn these through paying National Insurance contributions or being awarded National
As a sole trader in the UK, paying yourself is straightforward, but it’s essential to understand the process and manage your finances effectively. Here’s a
If you make donations to charity, you can benefit from tax relief for charitable donations. This can be achieved in various ways. Gift Aid If
Being a sole trader in the UK offers many advantages, such as simplicity in setting up and operating your business. However, managing finances and staying
In most cases, a higher rate of stamp duty land tax (SDLT) applies to the purchase of second and subsequent residential properties in England and
A person who buys a new home from a property developer does not have to pay VAT on it as the sale is zero-rated. However,
Private residence relief is a valuable capital gains tax relief which means that a person does not have to pay capital gains tax on any
Just because an employee receives a lump sum on leaving does not necessarily mean the payment is exempt from tax under the £30,000 exemption for
Understanding taxes can be overwhelming, especially for individuals and small businesses. One important concept to grasp is the tax-free allowance. In 2024, the UK government
With interest rates falling, business growth should follow. While this is waiting to happen, companies continue to close. The latest statistics published by the Insolvency
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