Making Tax Digital for Income Tax has been mandatory since April 2026 for sole traders and landlords with qualifying income over £50,000
The installation of solar panels in residential accommodation currently qualifies for a 0% VAT rate, applying across Great Britain since 1 April 2022 and extended to Northern Ireland from 1 May 2023.
Penguin Random House’s decision to reroute European Amazon orders through its Grantham warehouse is pulling a specific group of overseas publishers into UK VAT obligations they may not have faced before.
Charities are not automatically exempt from VAT and must register once taxable turnover exceeds £90,000 in any rolling 12-month period, the same as any other organization.
HMRC blocks VAT recovery on car purchases by default. The test is whether the car is available for private use, not whether it’s actually driven privately
For many owner-managed companies, the most tax-efficient approach to director remuneration is a low salary topped up with dividends.
You are required to register as an employer with HMRC and set up a PAYE scheme before your first payday, but no more than two months before that payday.
If your only income is a single private pension taxed under PAYE and HMRC has issued the correct tax code, the system handles it without you having to do anything.
Most everyday groceries are zero-rated for VAT, but a wide range of everyday items, including hot takeaway food, confectionery, drinks served in a café, and food eaten on the premises, are taxed at the standard rate of 20%.