Budget 2026 announced changes to capital allowances, altering the tax relief available to businesses investing in plant and machinery.

If you use your own car or van for business journeys, your employer can reimburse you using the approved mileage allowance rates without creating a tax charge, provided the payments do not exceed the approved amounts.

One way to mitigate the increase in tax on savings income is to invest as much as possible in an Individual Savings Account (ISA).

The State Pension is set to increase by 3.9% in April 2027, taking the full State Pension to £13,037.

If you earn money from a hobby or 'side hustle' you can generally earn up to £1,000 per tax year without paying any tax. This is known as the trading allowance.

The new digital record-keeping requirements will come into effect from April 2027 for individuals with gross self-employment and/or property income ('qualifying income') above £30,000.

Business asset disposal relief (BADR) offers a reduced rate of Capital Gains Tax (CGT) when you sell a business; shares in your company; or qualifying business assets, subject to certain conditions.

The income tax rates applying to property and savings income were due to increase by two percentage points from April 2027, as announced at Budget 2025.

Keeping track of deadlines can be challenging, particularly for businesses with several different tax obligations.

If you acquire, create or construct capital items for use in a business and you incur VAT on those items, you may need to use the VAT Capital Goods Scheme (CGS) on your VAT returns.

HMRC has identified an issue that may affect some taxpayers who became self-employed between 2015 and early 2024 and have missing qualifying national insurance years.

A new mileage-based charge for electric vehicles (EVs) and plug-in hybrids known as electric vehicle excise duty (eVED) is due to come into effect from 1 April 2028.

If you receive income from renting out property you may receive a letter from HMRC asking you to check the figures on your tax returns.

Many taxpayers have overpaid income tax under the P800 system due to a flaw in HMRC's calculation method.

The deadline for filing the first quarterly update (QU) under MTD for income tax has now passed, but QUs still need to be filed.