Owning more than one company can quietly push you into a higher corporation tax rate. Associated companies divide the GBP 50,000 and GBP 250,000 limits, so understanding the rules can save thousands in 2026/27.
If a customer never pays, you can still be left having handed HMRC the VAT. Bad debt relief lets you reclaim that VAT once the debt is six months overdue. Here is how it works for VAT-registered businesses in 2026/27.
The cash basis is now the default for most sole traders, taxing money when it actually moves. Learn when accruals accounting still wins and how the choice affects your 2026/27 Self Assessment.
The CGT annual exempt amount is just GBP 3,000 in 2026/27. Bed and ISA and bed and spouse both reset your gains tax-free. Here is when to use each, with worked numbers.
The High Income Child Benefit Charge claws back Child Benefit between 60,000 GBP and 80,000 GBP of adjusted net income. A pension contribution that lowers your adjusted net income can keep the benefit and cut your tax in one move.
If your self-employed profits are low, voluntary Class 2 National Insurance can buy a full qualifying year for a fraction of the cost of Class 3. Here is how the maths stacks up in 2026/27.
Large companies must pay corporation tax in quarterly instalments rather than nine months after year end. Learn the GBP 1.5m profit threshold, how associated companies affect it and when payments fall due in 2026/27.
Each spouse gets a GBP 500 dividend allowance in 2026/27. Transferring shares to a lower-rate partner can save real tax. Here is how the numbers work and the rules to follow.
The Enterprise Investment Scheme offers 30% Income Tax relief on investments up to GBP 1m a year, plus tax-free growth and loss relief. Here is how it works for higher earners in 2026/27, with the risks spelled out.
Your first flexible pension withdrawal is usually taxed on a month 1 emergency code, which can overtax a one-off lump sum by thousands. Here is why it happens and how to reclaim it in 2026/27.
Paying a spouse a genuine wage can use their GBP 12,570 Personal Allowance and shift income out of your higher-rate band. Learn the wholly and exclusively rule, the NI thresholds, and the traps that get small businesses caught.
The GBP 10,500 Employment Allowance cuts employer NI, but a company whose only employee is its sole director usually cannot claim it. Here is the rule and the planning around it.
