Category: Tax Information

If you file your company accounts late, Companies House late filing penalties apply automatically. There is no general grace period before a penalty is charged. For a private company or LLP, the penalty starts at £150 when the accounts are…

Making Tax Digital (MTD) for Income Tax is no longer a future proposal, it is law. If you are a landlord or sole trader with qualifying income, your first quarterly update to HMRC is due by 7 August 2026. This…

Making Tax Digital (MTD) for Income Tax is no longer a future proposal, it is law. If you are a landlord or sole trader with qualifying income, your first quarterly update to HMRC is due by 7 August 2026. This…

Many employees want to understand their actual take-home pay after tax deductions. A £500 a week salary in the UK is affected by income tax, National Insurance and other possible deductions.The final amount you receive depends on factors such as…

Starting 6 April 2025, UK businesses will face a significant National Insurance (NI) rate increase from 13.8% to 15% and a drop in the income threshold to £5,000. To help offset these costs, the Employment Allowance will increase from £5,000…