Income Tax Explained
Income tax is a type of tax you pay on your earnings – find out about what it is, how you pay, check you’re paying the right amount and the reliefs available to reduce what you pay.
Income Tax
Income tax rates, tips and advice for the UK self-employed, freelancers and sole traders
Sole Trader Tax Guide
The complete guide to sole trader taxes, filing tax returns and claiming expenses, reliefs and allowances that reduce your tax bill.
Self-Employed Tax Explained
Self-employment taxes can be daunting! But what exactly do you need to pay? Read this guide to learn more about self employed tax!
What Counts as Taxable Income in the UK?
Taxable income is the income that you must pay tax on in the UK. Not all types of income are taxable, some are non-taxable, tax-free or covered by income tax allowances and reliefs. Use this checklist to learn which ones are taxable and which aren’t.
The Ultimate Guide to UK Income Tax Allowances and Reliefs
The main income tax allowances and reliefs that reduce the amount of tax you have to pay. The ones you can claim depend on your personal circumstances and business spending.
What State Benefits Taxable?
Not all state benefits are taxable in the UK. Use this list to check benefits you need to pay tax on and which are tax-free.
How Much Can a Child Earn Before Paying Tax in the UK
With more and more children showing an interest in starting their own businesses I am being asked more often whether children have to pay tax in the UK. Here’s what you need to know to start guiding your child in the right direction.
Income Tax Bands 2018/2019
The Income Tax Bands for 2018/2019 in the UK are set as: Band Taxable Income Tax rate Personal Allowance Up to £11,850 0% Basic rate £11,851 to £46,350 20% Higher rate £46,351 to £150,000 40% Additional rate over £150,000 45% What is the Personal Allowance The personal allowance is the amount everyone in the UK …
How Much Tax Do You Pay on Rental Income
You pay tax on rental income whether you are an accidental or intentional landlord. Here is an example of how to work out how much tax you need to pay.