Orchestra Tax Relief gives UK companies a 45% credit on qualifying core expenditure for live orchestral concerts — but you must submit the Additional Information
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
Taxable profit is the figure HMRC uses to calculate your tax bill. It’s almost never the same as the profit showing in your accounts. Key
You can fill gaps in your NI record by making voluntary contributions: Class 3 costs £956.80 per year in 2026/27, and each year you buy
