How the VAT Margin Scheme works for second-hand goods, antiques, art, and collectibles in 2026 -- VAT on profit margin only, eligible goods, global accounting, auctioneers scheme, and record-keeping requirements.
Commercial property is VAT-exempt by default. The Option to Tax lets owners charge 20% VAT and recover input tax. Here is how OTT, the CGS and TOGC rules work in 2026.
The domestic VAT reverse charge for construction shifts VAT accounting to the customer. Learn who it applies to, how to invoice, its cashflow impact and exceptions in 2026/27.
WFH tax relief is worth up to £312/year for employees. Learn the flat rate, how to claim via HMRC or Self Assessment, and what self-employed workers can claim for home office costs.
The VAT Annual Accounting Scheme replaces four quarterly returns with one annual return plus interim payments, smoothing budgeting for small businesses. Learn the GBP 1.35m turnover limit and how it works in 2026/27.
The VAT Cash Accounting Scheme lets you account for VAT when you are paid, not when you invoice, easing cash flow for businesses that wait to get paid. Learn the GBP 90,000 registration threshold, who qualifies and when it helps.
If your turnover falls, you may be able to deregister for VAT and simplify your admin. Learn the GBP 88,000 deregistration threshold, how it differs from the GBP 90,000 registration threshold and what leaving costs you in 2026/27.
Venture Capital Trusts offer 30% Income Tax relief on up to GBP 200,000 a year and pay dividends free of tax. Here is how VCTs work for higher earners in 2026/27, with a worked example and the risks.
A workplace nursery benefit through salary sacrifice has no monetary cap and is free of income tax and National Insurance, unlike Tax-Free Childcare which is capped and closed to those earning over GBP 100,000. For high earners the savings can be substantial.
With the capital gains annual exempt amount stuck at just £3,000 and rates of 18% and 24%, smart timing matters more than ever. Spreading disposals across tax years, using both spouses' allowances and harvesting losses can save hundreds or thousands. Here is a practical CGT plan for 2026/27.
Getting money out of your limited company tax-efficiently is not just about the salary-versus-dividends split. Pension contributions, the timing of dividends and the Employment Allowance all change the picture. Here is the full profit-extraction toolkit for directors in 2026/27.
Just gone self-employed in the UK? The first 90 days set up everything that follows: registering with HMRC, getting a UTR, opening the right bank account, tracking expenses and understanding Class 4 NI at 6%. Here is the practical checklist for 2026/27.
