76 articles tagged with Hmrc.
The AIA lets businesses deduct the full cost of qualifying plant and machinery up to GBP 1 million in the year of purchase. Here is how it works in 2026/27.
CIS requires contractors to deduct 20% (or 30%) from subcontractor payments. Here is the full guide to registration, returns and reclaiming overpayments in 2026/27.
The dividend allowance is GBP 500 in 2026/27. Above that, you pay 8.75%, 33.75% or 39.35% depending on your income band. Here is the full guide.
The Employment Allowance increased to GBP 10,500 in April 2026, cutting the employer NI bill for eligible small businesses. Here is who qualifies and how to claim.
How to claim tax relief on employment expenses using form P87 in 2026 -- uniforms, tools, professional fees, working from home allowance, and how much you can get back.
HMRC advisory fuel rates for Q1 2026 -- petrol, diesel, LPG and electric vehicle rates for company car drivers, and how to use them for expense reimbursement.
What HMRC nudge letters are, the different types (offshore, rental income, Airbnb, crypto, CIS), what to do when you receive one, and time limits for disclosure.
HMRC nudge letters are not random. If one lands on your doormat, here is what triggered it and exactly how to respond.
Received a P800 or Simple Assessment from HMRC? Here is how to pay your income tax underpayment, set up a payment plan, and avoid late penalties.
Everything sole traders need to know about MTD for ITSA 2026 -- quarterly reporting, compatible software, exemptions, and how to prepare now.
MTD for Income Tax starts April 2026 for incomes over GBP 50,000. Find out what quarterly reporting means and how to prepare now.
Earn between GBP 100,000 and GBP 125,140 and your effective marginal tax rate hits 60%. Here is how the Personal Allowance taper works and how to avoid it.
How UK SME R&D tax relief works in 2026 -- the PAYE cap calculation, merged scheme, qualifying costs, and the Additional Information Form required for all claims.
Earn up to GBP 7,500 tax-free from a lodger under the Rent a Room scheme -- here is everything you need to know for 2026/27.
HMRC lets remote workers claim GBP 6/week tax relief for working from home. Here is how to claim up to GBP 312 per year in 2026/27.
Miss the 5 October registration deadline after going self-employed and you could face a Failure to Notify penalty of up to 100% of the tax owed. Full timeline and worked example.
How to set up a Time to Pay arrangement with HMRC for a Self Assessment tax bill in 2026/27, what interest applies, and when the online payment plan tool can and can't be used.
UK surrogacy law only permits payment of 'reasonable expenses' to a surrogate, not a commercial fee — which shapes how any payments are treated for tax. Full guide to what's taxable, benefit implications, and how intended parents' costs are treated.
A practical walkthrough of registering for VAT online via HMRC's Government Gateway in 2026/27 -- documents needed, choosing your effective date and accounting scheme.
How Self Assessment payments on account work in 2026/27, when you can legitimately reduce them, and the penalty risk if you reduce them by too much.
A practical guide to the HMRC Personal Tax Account in 2026/27 -- checking your tax code, NI record, claiming Marriage Allowance, making payments and using GOV.UK One Login.
The ten most common Self Assessment tax return mistakes UK taxpayers make in 2026/27 -- wrong dates, missed savings interest, crypto gains, P11D benefits and late filing penalties -- and how to avoid each one.
EBTs and disguised remuneration schemes face HMRC's ongoing task force. Part 7A ITEPA 2003, the loan charge, settlements, employer NI on contributions, and legitimate EBT uses explained.
A complete guide to voluntary HMRC disclosure in 2026: penalty reductions, the Digital Disclosure Service, Let Property Campaign and how to negotiate a payment plan.
How HMRC share pooling, the same-day and 30-day rules work for UK crypto in 2026/27, with the GBP 3,000 CGT allowance and 18%/24% rates explained.
A plain-English 2026 guide to appealing HMRC penalties: deadlines, reasonable excuse, the SA370 and online routes, tribunals, and what to do first.
MTD for Income Tax lands for landlords from April 2026. Learn who is in scope, the quarterly filing rhythm, software rules and how to prepare.
How a PAYE Settlement Agreement works in 2026/27: what you can include, how the grossed-up tax and Class 1B NI are calculated, deadlines and payment dates.
Payments on account too high for 2026/27? Learn how to legally reduce or claim back your Self Assessment payments on account without risking HMRC interest.
What an HMRC Simple Assessment (PA302) is, who gets one in the 2026/27 tax year, how to check it, how to pay, and how to appeal if the figures look wrong.
From online banking to HMRC Time to Pay, here are all the ways to pay your self-assessment tax bill in 2026/27 -- including the budget payment plan and what happens if you can't pay.
Learn what an ISA breach means, how HMRC handles over-contributions, and how to avoid exceeding the £20,000 ISA allowance in 2026/27.
Most UK trusts must now be registered with HMRC's Trust Registration Service under 5MLD rules. Learn who must register, deadlines, penalties, and exemptions in 2026/27.
How VAT partial exemption works in 2026/27: the standard method, de minimis limits, the annual adjustment, and how to recover input VAT correctly.
Adjusted Net Income affects your Child Benefit charge, Personal Allowance, and Gift Aid relief. Here's exactly how to calculate yours and why it matters.
From company cars to private medical insurance, taxable benefits in kind reduce your take-home pay. Here is what HMRC taxes, what is exempt, and how employers report it.
A step-by-step guide to claiming Employment Allowance in 2026/27, including who qualifies, who is excluded, how to claim via payroll software, and the de minimis state aid rules.
When you donate through Gift Aid, the charity reclaims 20% from HMRC — but if you pay 40% tax, you can claim the other 20% for yourself. Here's how and how much it's worth.
A detailed guide to every category of allowable expense for self-employed people in 2026, including simplified expenses, what HMRC allows, and common mistakes to avoid.
Payments on account are HMRC's way of pre-collecting next year's tax in two instalments. They can cause serious cash flow problems — here is how they work and how to reduce them legally.
A K tax code means HMRC believes you owe more tax than your allowances can cover. Here's what triggers one, what the number means, and what to do about it.
Eligible couples can backdate Marriage Allowance claims to 2022/23, potentially receiving up to £1,008 as a lump sum refund. Here is exactly how to claim and what to expect.
A complete guide to HMRC's approved mileage allowance payment rates for 2026, covering cars, motorcycles, bicycles, electric vehicles, and how to claim via self assessment or payroll.
The pension lifetime allowance was scrapped from April 2024, removing the 55% tax charge on large pension pots. Here is what replaced it and what it means for you.
The Personal Allowance more than doubled between 2010 and 2021, then froze — a stealth tax costing millions more than before. Here is the full history and what it means in real terms.
How sole traders can use SIPP and personal pension contributions to reduce their tax bill in 2026/27, including annual allowance limits, relief at source, and higher-rate claims.
Received an HMRC compliance check letter? Learn the difference between nudge letters and formal enquiries, what records to gather, and when to get professional help.
Non-Self Assessment taxpayers can reclaim overpaid tax on savings interest using form R40. Here is who qualifies, how to complete it, and the GBP 5,000 starting rate band.
Received an HMRC Simple Assessment letter? This guide explains PA302 and PA101 notices, who gets them, how to check the figures, and how to pay or object.
Non-residents selling UK property face a 24% CGT rate and a strict 60-day reporting deadline. Here is everything you need to know for 2026.
Employers can pay up to GBP8,000 in qualifying relocation expenses tax-free. Learn what qualifies, what falls outside, and how P11D reporting works for the excess.
Season ticket loans are interest-free in most cases but carry tax obligations. Learn when a benefit-in-kind arises, what employers must report, and how PAYE is affected.
A practical guide to VAT registration in 2026: the £90,000 threshold, voluntary registration pros and cons, VAT schemes, and Making Tax Digital obligations.
Received an HMRC compliance check letter? Learn the difference between process, aspect and full enquiries, your rights, and how to respond correctly in 2026.
Find out if you qualify for the UK Marriage Allowance in 2026/27. Transfer 1,260 pounds of personal allowance to your spouse and save up to 252 pounds a year.
Confused by your tax code? This guide explains every UK tax code letter for 2026/27 -- L, M, N, K, T, W1, M1 -- and how to fix a wrong code with HMRC.
The loan charge applies to outstanding disguised remuneration loans as at 5 April 2019. Learn what qualifies, HMRC settlement terms, how to declare on Self Assessment and your options in 2026.
An HMRC P800 (Tax Calculation) letter tells you if you've overpaid or underpaid tax. If you're owed a refund, you can claim it online within 45 days. If you owe tax and it's under £3,000, HMRC usually collects it through your next year's PAYE tax code.
HMRC treats cryptocurrency as a capital asset. Buying/selling crypto is subject to Capital Gains Tax at 18% (basic rate) or 24% (higher rate). Staking and mining income is taxable as income. Here's the complete 2026/27 guide.
What triggers an HMRC compliance check? How HMRC's Connect system works, types of enquiry, your rights and obligations, penalty structure, and why voluntary disclosure always produces better outcomes than being discovered.
From forgetting dividends above £500 to getting your student loan plan wrong, these are the 10 most common HMRC Self Assessment mistakes in 2026/27 — and the penalties for each.
Full penalty schedule for late Self Assessment returns in 2026: £100 day 1, £10/day after 3 months, 5% surcharges, appeal process and Time to Pay explained.
Received an HMRC P800 or Simple Assessment letter about underpaid tax? Learn why it happens, how to check it, challenge it, and the ways HMRC collects the debt.
HMRC allowable expenses for sole traders in 2026/27: travel, home office, equipment, clothing, staff costs and what you cannot claim. Real examples included.
1257L is the standard UK tax code for 2026/27. Learn what every digit and letter means, what common codes like BR and 0T cost you, and how to fix a wrong code.
Miss the Self Assessment deadline and penalties start immediately — £100 on day one, then £10 a day after 3 months. Here are all the 2025/26 deadlines, who needs to file, how the penalty system works, and what Making Tax Digital means from April 2026.
How Universal Credit earnings taper works in 2026/27: 55p in every £1 above your work allowance, £673/£404 thresholds, childcare element, benefit cap and two-child limit.
Child Tax Credit and Working Tax Credit are being replaced by Universal Credit. Who can still claim legacy benefits in 2026, managed migration deadlines, and what you'd get on UC instead.
Gift Aid mistakes mean HMRC can claw back donations from charities, and donors can face surprise tax bills. The 7 most common errors — and how higher-rate taxpayers often leave money on the table.
HMRC now receives annual income data from Airbnb, eBay, Etsy, Fiverr, Vinted and Uber. Here's what to do if you sell online or work a side gig.
Your State Pension forecast is available in minutes via HMRC One Login. Here's how to read it, what the gap years mean, how to buy missing years for £907 each, and whether deferring makes sense.
MTD ITSA launches April 2026 for income over £50,000. What it means, the new quarterly updates requirement, compatible software, and what happens if you're not ready.
If your total pension contributions exceed £60,000 in 2026/27 you face an Annual Allowance Charge at your marginal rate. Here's how the charge works, how to use carry forward to eliminate it, and when Scheme Pays applies.
The most common self assessment questions answered: missed deadline, HMRC notice to file, closing your account, moving abroad, inheritance, crypto, side hustles and more.
The complete checklist for whether you need to file a self assessment tax return in the UK: employment income, rental, freelance, savings interest, CGT, dividends and more.
Step-by-step guide to registering for UK self assessment online, what a UTR number is, how long it takes, and how to access your HMRC online account.
