Receiving money from family can bring welcome support, yet the tax rules often cause confusion. This guide explains why recipients rarely pay Income Tax, when Inheritance Tax may apply, what counts as a gift, and the exemptions and records that help you give money safely.
HMRC’s new guidance clarifies tax implications for online marketplace users. Understand potential ‘trade’ classification, tax obligations for traders, a £1,000 allowance, and changes in digital platform reporting.
HMRC offers support for tax payment challenges. Use the online plan for Self-Assessment bills up to £30,000, filing within 60 days. Time to Pay arrangements are case-specific, allowing flexibility for those in need. Contact HMRC for assistance.
Selling your main UK residence typically incurs no Capital Gains Tax (CGT) under Private Residence Relief, provided it meets specific conditions, including exclusive residential use and limited grounds size.
The Scottish rate of Income Tax (SRIT) is payable on the non-savings and non-dividend income of those defined as Scottish taxpayers.
Businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs by applying to HMRC’s Time To Pay service.
Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it through PAYE rather than completing a self-assessment tax return solely to report the charge.
The HICBC applies where an individual or their
You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance. This applies whether you receive the State Pension, a workplace pension or a personal pension.
Your total taxable income can include
Corporation Tax rates range from 19% to 25%, with marginal relief smoothing the gap between the thresholds. Is your company paying Corporation Tax at the right rate? We explain the thresholds, the 3/200 fraction and how associated companies affect your position.
When do you pay Stamp Duty Land Tax? Discover when SDLT applies, how the banded rates work, which special rules affect certain buyers, and the strict 14-day deadline for returns and payment.
Many UK taxpayers with overseas income pay more tax than they need to. Discover what counts as foreign income, when UK tax applies, how the April 2025 rule changes affect you, and how to claim relief against double taxation.
Frozen tax thresholds mean rising salaries can push earners into higher tax bands, reducing allowances and increasing overall liabilities. Has a pay rise quietly increased your tax bill? Discover how fiscal drag works, which reliefs may be affected, and the practical steps you can take to protect your income.
Is your spouse paying more tax than necessary? Married couples and civil partners are taxed separately for Capital Gains Tax, so smart planning can unlock real savings. Discover how ‘no gain, no loss’ transfers, unused allowances and lower tax rates work together, plus the special rules on separation and divorce.
Tax on termination payments depends on how each element of a package is classified, with a £30,000 exemption available for qualifying amounts. Careful planning and accurate treatment help reduce tax liabilities and ensure compliance.
Repaying private fuel can prevent unexpected tax charges. Accurate records and timely action help employees stay in control.
UK property disposals follow strict reporting rules. Early preparation helps avoid penalties and ensures Capital Gains Tax obligations are met correctly.
The Tribunal ruled that payments routed through a trust for work count as earnings. Because they related to services, they became taxable income on transfer, regardless of later repayments.
January tax payments can strain cash flow, but HMRC offers Time to Pay options. Acting early helps you avoid penalties, spread costs, and stay fully compliant.
The final balancing payment for the 2024-25 tax year is due by 31 January 2026, which is also the
Student workers overpaying tax is common. Learn why it happens and how to claim your refund easily.
Winter Fuel Payment reforms from June 2025 introduce a £35,000 income limit, with HMRC reclaiming payments from higher earners.
Understand how HMRC decides Scottish Income Tax status, including main home rules, dual‑home situations, mid‑year moves, and what income SRIT covers. Keep addresses updated and check for an “S” PAYE code.
HMRC payment plans offer flexible options for taxpayers struggling to pay. Acting early, meeting eligibility rules, and planning ahead help avoid penalties, interest, and enforcement action.
Report and Pay Capital Gains Tax through Self Assessment or HMRC’s real-time service, meeting strict deadlines to avoid penalties.
Casual payments are not always tax-free. HMRC’s miscellaneous income rules may apply if there is an expectation of payment.