How UK Income Tax Works
Income Tax is charged on most of the money you earn once it passes your tax-free Personal Allowance. This guide explains the allowance, the…
Clear, plain-English explanations of how UK tax works — each linked to the calculators that put the numbers to work. Search or browse by topic.
Income Tax is charged on most of the money you earn once it passes your tax-free Personal Allowance. This guide explains the allowance, the…
National Insurance (NI) is a separate deduction from Income Tax that helps pay for state benefits and the State Pension. This guide…
CIS subcontractors commonly have more deducted during the year than they actually owe, because the deduction is taken from gross payments…
The Construction Industry Scheme (CIS) requires contractors to deduct money from payments to most subcontractors and pass it to HMRC in…
Company directors are often paid through a mix of salary and dividends. Each is taxed under separate rules: salary through PAYE and…
Sole traders and limited companies are taxed in different ways: different taxes apply to profit, National Insurance works differently, and…
VAT registration becomes compulsory once a business's taxable turnover passes a set threshold, currently £90,000. This guide explains what…
Income Tax is charged on most of the money you earn once it passes your tax-free Personal Allowance. This guide explains the allowance, the…
Income Tax is charged on most of the money you earn once it passes your tax-free Personal Allowance. This guide explains the allowance, the…
The Personal Allowance is the amount you can earn each tax year before paying Income Tax. This guide explains how it works, when it is…
CIS subcontractors commonly have more deducted during the year than they actually owe, because the deduction is taken from gross payments…
The Construction Industry Scheme (CIS) requires contractors to deduct money from payments to most subcontractors and pass it to HMRC in…
Company directors are often paid through a mix of salary and dividends. Each is taxed under separate rules: salary through PAYE and…
Sole traders and limited companies are taxed in different ways: different taxes apply to profit, National Insurance works differently, and…
VAT registration becomes compulsory once a business's taxable turnover passes a set threshold, currently £90,000. This guide explains what…
National Insurance (NI) is a separate deduction from Income Tax that helps pay for state benefits and the State Pension. This guide…
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