HMRC

05
Apr
Your Complete UK Tax Planning Checklist for 2026/27

Your Complete UK Tax Planning Checklist for 2026/27

A comprehensive end-of-tax-year checklist for UK individuals and small businesses — allowances to use, deadlines to meet, and actions to take before 5 April 2027.
3 min read
31
Mar
Understanding the High Income Child Benefit Charge

Understanding the High Income Child Benefit Charge

If you or your partner earn over £60,000 and claim Child Benefit, you may need to repay some or all of it through the High Income Child Benefit Charge.
2 min read
25
Mar
What Is Basis Period Reform and How Does It Affect Sole Traders?

What Is Basis Period Reform and How Does It Affect Sole Traders?

Basis period reform ended the 'current year basis' for sole traders from 2024/25. How the new tax year basis works and what transition year implications remain.
2 min read
22
Mar
Understanding the Statutory Residence Test for UK Tax Purposes

Understanding the Statutory Residence Test for UK Tax Purposes

The Statutory Residence Test determines whether you are UK resident for tax purposes — affecting your liability for income tax, CGT, and more.
2 min read
16
Mar
What Is the Trust Registration Service (TRS) in the UK?

What Is the Trust Registration Service (TRS) in the UK?

The Trust Registration Service requires most UK trusts to register with HMRC. Who must register, the deadlines, and what information is required.
2 min read
10
Mar
How to Handle Late Payment of UK Corporation Tax

How to Handle Late Payment of UK Corporation Tax

What happens if you pay Corporation Tax late — interest, penalties, and how to set up a Time to Pay arrangement with HMRC.
2 min read
07
Mar
What Is a Director's Loan Account and the Tax Implications?

What Is a Director's Loan Account and the Tax Implications?

A director's loan account tracks money owed between a director and their company. Overdrawn accounts trigger Section 455 tax and benefit-in-kind charges.
2 min read
04
Mar
Understanding Stamp Duty Land Tax for Property Transactions

Understanding Stamp Duty Land Tax for Property Transactions

Stamp Duty Land Tax applies to most UK property purchases over £125,000. Rates, reliefs, surcharges, and how to calculate and pay SDLT.
2 min read
23
Feb
How to Use HMRC's Free Software to File Your Tax Return

How to Use HMRC's Free Software to File Your Tax Return

HMRC offers free tools to file your Self-Assessment and VAT returns — here is what is available, who can use it, and the limitations.
2 min read
20
Feb
What Is a Business Expense and What Isn't for UK Tax Purposes?

What Is a Business Expense and What Isn't for UK Tax Purposes?

Understanding exactly what counts as a deductible business expense in the UK — and what HMRC will not allow — is key to accurate tax returns.
2 min read