YF AccountingMaking Tax Digital for Income Tax: What Sole Traders and Landlords Need to Know Right Now
Making Tax Digital for Income Tax is live. If your combined self-employment and property income was over £50,000 on your 2024/25 tax return, you have been legally required…
P11D 2025/26: Missed the 6 July Deadline? What to Do Now
The P11D deadline for 2025/26 was 6 July 2026, and the Class 1A National Insurance payment was due by 22 July 2026. Both have now passed. If you…
Salary vs Dividends 2026/27: The Most Tax-Efficient Way to Pay Yourself from a Limited Company
For most limited company directors in 2026/27, the most tax-efficient way to pay yourself is a low salary of £12,570 or £5,000, with the rest taken as dividends,…
Key UK Tax Dates and Deadlines for 2026/27: Your Complete Calendar
The UK tax deadlines most likely to catch you out in 2026/27 are: 31 July 2026 (second payment on account), 7 August 2026 (the first ever Making Tax…
VAT Flat Rate Scheme Explained: 2026 Rates and Rules
The VAT Flat Rate Scheme (FRS) lets you pay HMRC a fixed percentage of your VAT-inclusive turnover instead of working out the difference between the VAT you charge…
UK Corporation Tax Explained: Rates and Reliefs 2026/27
Corporation tax in 2026/27 works on a tiered system: your company pays 19% on profits up to £50,000, 25% on profits over £250,000, and an effective 26.5% on…
What Is IR35 and Are You Affected? A 2026 Guide
IR35, officially the off-payroll working rules, is tax legislation that decides whether a contractor working through their own limited company is, in substance, an employee of their client.…
UK Personal Tax Rates 2026/27: Bands, Allowances and Examples
For 2026/27, the personal allowance is £12,570, income tax is charged at 20%, 40% and 45% as your income passes £12,570, £50,270 and £125,140, and employees pay National…