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29 Dec 2025

When the real tax percentage is 60%

At first glance, the UK’s income tax rates seem straightforward, comprising the basic, higher and additional rate bands (currently 20%, 40% and 45% in England, Wales and Northern Ireland).

27 Dec 2025

Spreading tax payments if you can’t pay your tax bill

Should any taxpayer find they are struggling to pay their tax bills by the usual deadlines, there are official ways to spread the payments.

23 Dec 2025

Tax relief for unpaid rent

In these difficult economic times, tenants may struggle to pay their rent, leaving landlords out of pocket.

19 Dec 2025

Can you claim tax relief for making good damage by tenants?

Unfortunately, tenants (and their pets) may cause damage to a rental property.

16 Dec 2025

Deductions for additional costs imposed by the Renters’ Rights Act

The Renters’ Rights Act 2025 received Royal Assent on 27 October 2025.

12 Dec 2025

Are you exempt from MTD for ITSA?

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is mandatory from 6 April 2026 for self-employed traders and landlords whose combined gross trading and business income in 2024/25 is £50,000 or more.

10 Dec 2025

Using the advisory fuel rates

HMRC publish fuel-only rates which are only of relevance where an employee has a company car.

07 Dec 2025

Overdrawn directors’ loan accounts and section 455 tax

A director’s loan account is simply a means of keeping track of transactions between the director and the company of which they are a director.

04 Dec 2025

Correcting errors in VAT returns

It used to be possible to report errors in a VAT return to HMRC on form VAT652.

01 Dec 2025

Utilising the tax exemption for Christmas parties

Many employers have a social event for employees around the Christmas period.

30 Nov 2025

CIS deductions – Applying the correct percentage

The Construction Industry Scheme (CIS) is a tax deduction scheme requiring contractors to deduct tax from payments made to subcontractors working in the construction industry.

26 Nov 2025

VAT registration waiver

HMRC requires businesses to register for VAT if their taxable turnover exceeds £90,000 in the last 12 months or is expected to exceed this threshold within the next 30 days.

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