YF AccountingSavings Tax Rise From April 2027: Interest Taxed at 24%, 44% and 49%
From 6 April 2027 (the 2027/28 tax year), interest on savings held outside an ISA will be taxed at 24%, 44% or 49% rather than today's 20%, 40%…
Landlord Tax Rise From April 2027: Rental Profits Taxed at 24%, 44% and 49%
From 6 April 2027 (the 2027/28 tax year), rental profits you earn personally will be taxed at 24%, 44% and 49% instead of the 20%, 40% and 45%…
What Triggers an HMRC Enquiry, and How Not to Be a Target
Most HMRC enquiries are triggered by a mismatch: a figure on your tax return that does not agree with data HMRC already holds from banks, employers, letting agents,…
Your First Tax Return: Exactly What Your Accountant Needs From You (2025/26)
For your first Self Assessment tax return, covering 6 April 2025 to 5 April 2026, your accountant needs seven things from you: your UTR and National Insurance number,…
Register for Self Assessment by 5 October 2026: Last Call for 2025/26
If you earned more than £1,000 from self-employment, started letting a property or picked up any other untaxed income between 6 April 2025 and 5 April 2026, and…
Do I Need an Accountant as a Sole Trader? An Honest Answer for 2026/27
No. There is no legal requirement for a UK sole trader to have an accountant. You can register for Self Assessment yourself, keep your own records and file…
MTD for Income Tax for Landlords: The Complete 2026 Guide
MTD for Income Tax became mandatory on 6 April 2026 for landlords whose gross property and self employment income was over £50,000 in 2024/25: you must keep digital…
The £60,000 Child Benefit Trap: How the High Income Charge Works in 2026/27
If your adjusted net income tops £60,000 in 2026/27 and you or your partner claim Child Benefit, HMRC claws back 1% of it for every £200 you are…
Tax on Rental Income: What UK Landlords Pay in 2026/27
Landlords pay Income Tax at 20%, 40% or 45% on their rental profits in 2026/27, and the first £1,000 of rental income each year is tax free under…
Filing Your 2025/26 Tax Return Early: Six Good Reasons Not to Wait for January
You can file your 2025/26 Self Assessment tax return right now, and filing early does not mean paying early: whatever you owe is still not due until 31…