VAT explained: how the tax actually moves through a supply chain
VAT is collected in fragments at every stage of a supply chain but borne entirely by the final consumer, a design that explains both the…
Marcus Vale
#Hmrc
Stories tagged “Hmrc”.
43 stories
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VAT Registration in the UK: When and How
When do you have to register for VAT in the UK, when might you choose to register voluntarily, and how do the main VAT schemes work? A…
Marcus Vale
Making Tax Digital: What UK Businesses Need to Know
Making Tax Digital (MTD) is HMRC's programme to move UK tax record-keeping and filing online. Here is what MTD is, who it affects, what…
Marcus Vale
Making Tax Digital for Income Tax: The April 2026 Deadline
Making Tax Digital for Income Tax begins phasing in from April 2026 for self-employed people and landlords above the income threshold. Here…
Marcus Vale
Tax on Side Income in the UK: What You Must Declare
Millions of Britons earn money outside their day job — from freelance work and online selling to renting out a spare room. But HMRC's rules…
Emily Chen
Your 2026/27 ISA Allowance: How to Use It Wisely Before April
With the 2025/26 tax year drawing to a close, millions of UK savers face a familiar deadline — use your £20,000 ISA allowance or lose it…
Emily Chen
UK Minimum Wage 2026: Rates, Rules and Your Rights
The National Living Wage rose to £12.21 per hour in April 2026 for workers aged 21 and over, while younger workers and apprentices have…
Daily Junction Editorial Team
What Are R&D Tax Credits in the UK? Everything Businesses Need to Know
R&D tax credits can put thousands — sometimes millions — of pounds back into UK businesses each year. Here is a guide to who qualifies, how…
Marcus Obi
R&D Tax Credits in the UK: The Relief Many Businesses Are Missing
Thousands of UK businesses are leaving significant sums unclaimed each year through ignorance of R&D tax credits — a government scheme that…
Sarah Henderson
Capital Gains Tax in the UK: A 2026 Guide for Investors and Property Owners
Capital gains tax has undergone significant reform in recent years, leaving many UK investors and property owners uncertain about their…
James Whitfield
UK Inheritance Tax in 2026: What the Changes Mean for Your Estate
From frozen thresholds to the landmark overhaul of pension rules, the inheritance tax rules has shifted considerably. Here is what every UK…
Sarah Henderson
Self Assessment Tax Return 2026: A Plain-English Guide
Millions of UK taxpayers face the January 2026 deadline for Self Assessment returns. Here is everything you need to know — from who must…
Rachel Ford
How to Start a Business in the UK in 2025: A Step-by-Step Guide
Starting a business in the UK involves navigating registration, tax, legal and practical requirements. Here is what you actually need to…
Marcus Vale
Inheritance Tax Basics
Inheritance Tax may be charged on the estate of someone who has died, above certain thresholds. This UK guide explains the nil-rate bands…
Rachel Stone
Capital Gains Tax Explained
Capital Gains Tax is charged on the profit when you sell or dispose of certain assets that have risen in value. This UK guide explains what…
Rachel Stone
National Insurance Explained
National Insurance is a contribution that builds your entitlement to the State Pension and certain benefits. This UK guide explains the…
Rachel Stone
Self Assessment Tax Returns: A Beginner's Guide
Self Assessment is how HMRC collects Income Tax from people whose tax is not taken automatically. This UK guide explains who must file, the…
Rachel Stone
Understanding UK Tax Codes
Your tax code tells your employer or pension provider how much tax-free income you get before Income Tax is deducted. This UK guide…
Rachel Stone
Marriage Allowance Explained
Marriage Allowance lets some couples reduce their tax bill by transferring part of one partner's personal allowance to the other. This UK…
Rachel Stone
How to Claim Tax Relief You're Owed (UK)
Millions of UK taxpayers miss out on tax relief they are entitled to, from job expenses to pension contributions and charitable giving…
Rachel Stone
How to Do Bookkeeping for a Small Business
A plain-English guide to bookkeeping for small businesses: what to record, how to set up a simple system, the difference between cash and…
Marcus Vale
Gift Aid Explained: How UK Taxpayers Can Boost Charity Donations by 25% at No Extra Cost
Gift Aid allows UK charities to reclaim basic rate tax on donations from taxpayers, adding 25p to every £1 donated at no cost to the donor…
Daily Junction Editorial Team
UK Remote Work Tax Changes 2024: What Hybrid Workers Need to Know About HMRC's New Rules
HMRC has introduced new tax rules for remote and hybrid workers in 2024, tightening eligibility for working-from-home tax relief and…
Daily Junction Editorial Team
What Is a Help to Save Account?
Help to Save is a government-backed savings account for people on certain benefits that pays a bonus on what you save. This guide explains…
Rachel Stone
The High Income Child Benefit Charge Explained
The High Income Child Benefit Charge claws back some or all of your Child Benefit once income passes a threshold. This guide explains who…
Rachel Stone
What Is Tax-Free Childcare?
Tax-Free Childcare is a UK government scheme that tops up money you pay towards approved childcare. This guide explains who qualifies, how…
Rachel Stone
What Is Child Benefit?
Child Benefit is a regular payment from HMRC to people responsible for bringing up a child. This UK guide explains who can claim, how much…
Rachel Stone
What Is R&D Tax Relief?
R&D tax relief is a UK government incentive that lets companies reduce their Corporation Tax bill, or claim a cash payment, for money spent…
Tom Bennett
What Is the Personal Savings Allowance?
The Personal Savings Allowance lets most people earn a chunk of savings interest tax-free each year. This UK guide explains how much you…
Rachel Stone
PAYE for Employers: A Plain-English Guide
A practical UK guide to PAYE for employers: what it is, what you must deduct and report to HMRC, key deadlines, payslips and forms, and how…
Marcus Vale
What Is the UK Tax Year?
The UK tax year runs from 6 April to 5 April, not from January. This guide explains why it falls on those odd dates, the key deadlines that…
Rachel Stone
What Is Emergency Tax? And How to Get It Back
Emergency tax is a temporary tax code HMRC applies when it does not yet have full details about your income. This UK guide explains why it…
Rachel Stone
What Is a UTR? Unique Taxpayer Reference Explained
A UTR is your Unique Taxpayer Reference, a 10-digit number HMRC uses to identify you for Self Assessment and tax. This guide explains what…
Marcus Vale
What Is a P11D?
A P11D is the form employers use to report taxable benefits in kind, such as a company car or private medical insurance. This UK guide…
Rachel Stone
What Is a P45?
A P45 is the form you get when you leave a job, showing your pay and tax so far this year. This UK guide explains what it contains, why it…
Rachel Stone
What Is a Business Partnership?
A business partnership is a structure where two or more people run a business together and share its profits. This UK guide explains how…
Marcus Vale
What Is Stamp Duty? SDLT Explained
Stamp Duty Land Tax (SDLT) is a tax you may pay when buying property or land in England and Northern Ireland. This UK guide explains the…
Rachel Stone
Dividend Tax Explained
Dividend tax is the Income Tax you pay on dividends from shares and company profits above a tax-free allowance. This UK guide explains the…
Rachel Stone
What Is a Dormant Company?
A dormant company is one that is not trading and has no significant accounting transactions. This guide explains what dormant means to…
Marcus Vale
What Is the Personal Allowance?
The Personal Allowance is the amount of income you can earn each year before paying Income Tax. This UK guide explains how it works, why it…
Rachel Stone
What Is a Tax Rebate? Reclaiming Overpaid Tax
A tax rebate is a refund of Income Tax you have overpaid to HMRC. This UK guide explains why overpayments happen, how to claim what you are…
Rachel Stone
What Is Corporation Tax?
Corporation Tax is the tax a UK limited company pays on its profits. This guide explains what counts as profit, how the accounting period…
Marcus Vale
What Is PAYE? Pay As You Earn Explained
PAYE is the system HMRC uses to collect Income Tax and National Insurance from your wages before you are paid. This UK guide explains how…
Rachel Stone