Becoming a limited company director for the first time brings new tax obligations beyond ordinary PAYE employment. A practical 2026/27 checklist covering Self Assessment, dividends and P11D duties.
Foster carers benefit from Qualifying Care Relief, a generous fixed tax exemption that means most foster carers pay little or no tax on their fostering income. Full worked example on a typical single-child placement.
Self-employed bookkeepers must register for anti-money laundering supervision, a distinctive compliance cost. Full worked example on £26,000 turnover and software subscriptions.
Self-employed makeup artists replace products constantly for hygiene reasons, a genuine ongoing cost. Full worked example on £21,000 turnover, kit and travel deductions.
Self-employed photographers carry substantial camera equipment costs and often earn from mixed sources — shoots, licensing and print sales. Full worked example on £30,000 turnover.
Self-employed proofreaders and editors have one of the leanest cost structures of any freelance trade, working mostly from a laptop. Full worked example on £17,000 turnover.
Self-employed translators and interpreters often invoice overseas agencies and clients, raising foreign currency and place-of-supply VAT questions. Full worked example on £24,000 turnover.
Self-employed videographers invest heavily in cameras, drones and editing rigs that lose value fast. Full worked example on £34,000 turnover and how capital allowances handle equipment costs.
From weekly mow-and-go gardeners to landscapers running CIS subcontractors, the tax treatment varies widely. Full worked example on £40,000 turnover, capital allowances on machinery, and when the Construction Industry Scheme applies.
How the Gift Aid Small Donations Scheme lets charities and CASCs claim a top-up on small cash and contactless donations without a Gift Aid declaration, with 2026/27 limits explained.
Self-employed gutter cleaners and pressure washing traders rely on specialist vacuum systems and vehicle-mounted equipment. How Self Assessment treats these costs in 2026/27.
How the High Income Child Benefit Charge works in 2026/27, why some families who opted out should reconsider, and how the charge can now be collected through PAYE instead of Self Assessment.
