Category: Income Tax

  • July 9, 2026
    Most individuals can earn interest from their savings without incurring a tax liability thanks to a number of allowances available…
  • July 9, 2026
    If you are self-employed, claiming all of your allowable business expenses can reduce your taxable profit and, in turn, the…
  • July 2, 2026
    A ‘60% Income Tax band’ can arises when an individual’s income exceeds £100,000 in a tax year. Once this threshold…
  • July 2, 2026
    Carried interest is essentially a share of the profits from an investment fund that is paid to the fund managers.…
  • June 25, 2026
    Understanding dividend tax is important for anyone who receives income from shares in a company. Dividends are taxed differently from…
  • June 18, 2026
    When you donate money to a charity or Community Amateur Sports Club (CASC) under Gift Aid, the organisation can claim…
  • June 18, 2026
    Your tax code tells your employer or pension provider how much Income Tax to deduct from your pay. It is…
  • June 11, 2026
    Making Tax Digital (MTD) for Income Tax is being rolled out in stages for sole traders and landlords who complete…
  • June 11, 2026
    If you are required to complete a self-assessment tax return, HMRC may charge penalties if you miss the deadline for…
  • June 4, 2026
    If you receive income from renting out property, it is important to understand your tax obligations and the reliefs that…