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.
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.
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.
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.
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