The marginal tax trap in 2026-27
For the 2026-27 tax year, individuals with income between £100,000 and £125,140 face an effective marginal income tax rate of 60%. This unusually high rate
For the 2026-27 tax year, individuals with income between £100,000 and £125,140 face an effective marginal income tax rate of 60%. This unusually high rate
The UK government has introduced significant employment law reforms that expand access to Statutory Sick Pay (SSP) and parental leave rights. These measures represent one
Many people start an activity as a hobby, perhaps selling handmade goods online, offering occasional services, or generating small amounts of additional income from spare
Recent global instability, particularly tensions affecting oil and energy supply chains, has increased concerns about price gouging, where businesses take advantage of shortages or uncertainty
Mandatory payrolling of benefits in kind (BiKs) and taxable employment expenses will be introduced from 6 April 2027. This represents a major change in reporting and means
It was confirmed as part of the Autumn Budget that the Income Tax thresholds will continue at their current levels for a further three years,
A Companies House blunder has raised concerns after a flaw in the WebFiling service briefly exposed sensitive company data. The issue, identified on 13 March
If you have not yet checked whether you need to use Making Tax Digital (MTD) for Income Tax, now is the time to urgently see
1 April 2026 – Due date for corporation tax due for the year ended 30 June 2025. 19 April 2026 – PAYE and NIC deductions
External risks can affect even well managed businesses. Many threats arise outside the control of business owners, yet they can have a significant impact on
The launch of HMRC’s Tax Confident website represents a clear attempt to simplify the UK tax system and help individuals better understand their obligations. The
Making Tax Digital for Income Tax is no longer a distant reform. From April 2026, next month, many sole traders and landlords will be required