Tax Percentage
When the real tax percentage is 60%
At first glance, the UK’s income tax rates seem straightforward, comprising the basic, higher and additional rate bands (currently 20%, 40% and 45% in England,
December 9, 2025
Making Tax Digital
Are you exempt from MTD for ITSA?
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is mandatory from 6 April 2026 for self-employed traders and landlords whose combined gross
December 8, 2025
hmrc advisory fuel rates
Using the advisory fuel rates
HMRC publish fuel-only rates which are only of relevance where an employee has a company car. The rates, which are updated quarterly, can only be
December 4, 2025
Tax bill
Spreading tax payments if you can’t pay your tax bill
Should any taxpayer find they are struggling to pay their tax bills by the usual deadlines, there are official ways to spread the payments. How
December 3, 2025
Christmas parties and gifts
Utilising the tax exemption for Christmas parties
Many employers have a social event for employees around the Christmas period. This may take the form of a Christmas party or dinner or another
December 2, 2025
Tax code
Why Has My Tax Code Dropped From 1250L to 1185L?
If your tax code has unexpectedly changed from 1250L to 1185L, you may be confused especially because both codes relate to older tax years. So
November 29, 2025
Company Tax Return
Filing Your Limited Company Tax Return Without the Stress?
Filing a Limited Company Tax Return (CT600) is one of the most important responsibilities for any UK company director. Whether you’re running a new startup,
November 24, 2025
Public Limited Company
What Is a Public Limited Company in the UK? Benefits and Drawbacks
A Public Limited Company (PLC) is one of the most recognisable business structures in the UK. These companies are allowed to offer shares to the
November 19, 2025
Submit a VAT Return
The Complete Guide to Submitting a VAT Return in the UK?
Submitting a VAT return is one of the core compliance duties for VAT-registered UK businesses. Yet for many business owners, the process remains unclear especially
November 18, 2025
Construction Industry Scheme
CIS deductions Applying the correct percentage
The Construction Industry Scheme (CIS) is a tax deduction scheme requiring contractors to deduct tax from payments made to subcontractors working in the construction industry.
November 18, 2025
E-invoicing
What is e-invoicing?
The 2025 Budget on 26 November 2025 is expected to be crucial for the long-term implications for the UK economy – announcements of tax increases
November 17, 2025
corporation tax marginal relief
Calculating corporation tax marginal relief
The rate at which a company pays corporation tax depends on the level of its taxable profits. Where a company’s profits are below the lower
November 16, 2025
Dividend Tax
How to Reduce Dividend Tax Legally in 2025/26
Dividends can be a tax-efficient way to take money out of your company but with the dividend allowance dropping to just £500 in 2025/26, many
November 15, 2025
gift money to family
Can You Gift Money to Family Tax-Free in the UK?
Gifting money (or assets) to your family can be a thoughtful way to support loved ones whether for a child’s house deposit, helping ageing parents,
November 12, 2025
Finance & Accounting>Tax Return
File your tax return by 30 December to pay your tax bill through your tax code
The normal filing deadline for the 2024/25 Self Assessment tax return is 31 January 2026. However, if you have some tax to pay under Self
November 11, 2025
Child Trust Fund
Do you have an unclaimed Child Trust Fund?
A press release recently published by HMRC revealed that 758,000 young people between the ages of 18 and 23 have a Child Trust Fund which
November 10, 2025
Marriage Tax Allowance
Marriage Tax Allowance in the UK How It Works and How to Claim It?
If you’re married or in a civil partnership, the Marriage Tax Allowance could help you save up to £252 on your tax bill each year.
November 9, 2025
Salary vs Dividends
Director Pay Explained Salary vs Dividends in 2025/26
If you’re a company director or small business owner in the UK, one of the biggest financial decisions you’ll make is how to pay yourself
November 8, 2025
Reasonable Excuse
What counts as a ‘reasonable excuse’?
A taxpayer may have grounds for appealing a penalty if they have a reasonable excuse for missing a filing or payment deadline. However, it is
November 7, 2025
Inheritance Tax
Should you withdraw your pension to save IHT?
Legislation has been published in draft for inclusion in the Finance Bill which will bring unused pension pots within the charge to inheritance tax from
November 5, 2025