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
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
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
Tax returns can be hard work but sometime, especially in today’s business climate it’s finding the cash to pay the tax that can be the biggest problem.
MTD stands for Making Tax Digital. And as of things stand, you’ll need to prepare for MTD for income tax sooner or later. It’s a
