Profits between GBP 50,000 and GBP 250,000 are taxed at an effective marginal rate of 26.5% in 2026/27 thanks to marginal relief and the 3/200 fraction. Here is how the calculation works with a worked example.
They sound alike but they are two different reliefs with different rules. One transfers GBP 1,260 of personal allowance, the other is for older couples. Here is how to tell them apart.
Selling online does not always mean a tax bill. Where the line sits between clearing out your wardrobe and trading, and what the marketplace data-sharing rules really mean.
When two people run a business, the structure decides how profit is taxed. Compare a general partnership using two GBP 12,570 allowances against a limited company paying Corporation Tax at 19% to 25% and dividends taxed from 10.75%.
Your first Self Assessment bill can be 150% larger than expected because of payments on account. Learn how the 31 January and 31 July advance payments work and how to plan for the cash flow shock.
Money spent before your business officially starts trading is not lost for tax. Pre-trading expenses incurred in the seven years before launch can be deducted, and pre-registration VAT reclaimed. Here is how it works in 2026/27.
Employees can claim tax relief on approved professional fees and the cost of cleaning or maintaining a required uniform. A 40% taxpayer claiming GBP 400 of allowable fees saves GBP 160 in tax, and claims can usually be backdated four years.
Earn between GBP 100,000 and GBP 125,140 and you lose GBP 1 of Personal Allowance for every GBP 2 over the line, an effective 60% tax rate. A gross pension contribution that pulls adjusted net income back to GBP 100,000 can reclaim the full GBP 12,570 allowance.
If your self-employed income has dropped, your January and July payments on account may be too high. How the claim to reduce works, and the trap to avoid.
Children's clothing is zero-rated for VAT in the UK, but only up to certain size limits. Once a growing child moves into adult-sized garments, the standard 20% VAT applies, which quietly raises the back-to-school bill for older children.
Scottish income tax has six bands, so pension relief above 20% often has to be reclaimed from HMRC. Here is how Scottish taxpayers in the 21%, 42%, 45% and 48% bands can claim the difference for 2026/27.
The 45p per mile method is the simplest way for sole traders to claim vehicle costs. How it works, when actual costs beat it, and a worked example.
