Category: Business and Tax

PAYE deducts income tax and National Insurance from your wages before you receive them: your tax code controls how much is taken, and if it’s

If you’ve received an unexpected bill from HMRC, it almost always traces back to one of a handful of triggers: savings interest crossing your allowance,

If your gross side hustle earnings exceed £1,000 in a tax year, you must register for Self Assessment with HMRC by 5 October following the

Income tax is charged in bands on income above your £12,570 personal allowance. Moving into a higher band only increases the rate on income above

HMRC usually gives you seven days’ notice before a VAT inspection. The most common trigger is a large or unexpected repayment claim, and inspectors can

Note: For a filterable, month-by-month view of every deadline that applies to your business structure, see our 2026/27 tax year calendar. Key Takeaways Some dates

Entrepreneurs’ Relief was renamed Business Asset Disposal Relief (BADR) in 2020 — the rate is now 18% for disposals made on or after 6 April

A social enterprise is a business that trades for a social or environmental purpose and reinvests most of its profits back into that mission. The

Key Takeaways Here’s the official explanation from HMRC: 1. Who has to pay corporation tax?  Corporation tax isn’t just for big companies. You’ll need to

Changing from sole trader to limited company? It’s a big step, but if you’re already considering it, it might just be the right time for