The UK 60% Tax Trap Explained (63% in Scotland)
Find out how the UK 60% tax trap works (which is 63% in Scotland), who has to pay the 60% tax rate and why in this post.
Tax
Taxes, urgh! Who knew following your dream to start a business could be so complicated? From knowing which ones you pay to messing around with tax returns and owing more than you expected – tax can be one of the most stressful parts of running a small business. Here you’ll find guides that cover all aspects of taxes, such as corporation tax, self-employment tax, income tax allowances and VAT. Just choose a category to find out more.
- Self Assessment Tax Returns
- Self Employed Expenses
- Self Employed Tax
- Benefits and Tax Credits
- Income Tax
- Income Tax Allowances
- Tax Rebates
- Dividend Tax Rates
- Tax Codes
- P11ds
- Corporation Tax
- VAT
Friendly Disclaimer: Whilst I am an accountant, I’m not your accountant. The information in these guides are legally correct but are for guidance and information purposes only. Everyone’s situation is different and unique so you’ll need to use your own best judgement when applying the advice that I give to your situation. If you are unsure or have a question be sure to contact a qualified professional. I cannot accept responsibility for any losses or penalties you may incur while following the contents.
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10+ Common Self Assessment Tax Return Mistakes
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What Information Do You Need to Complete Your Tax Return?
A list of common documents and information you may need to complete your self-assessment tax return.
Am I Owed a Tax Rebate From HMRC?
Find out if you are owed a tax rebate from HMRC for paying too much income tax and how HMRC processes a tax refund.
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