Taxes
Emergency Tax Codes Explained: Why You Are on One and How to Get Your Money Back
An emergency code ends W1, M1 or X and taxes you as though every pay period were your first. On a salary it usually…
Taxes guides
How UK tax actually works — income tax, National Insurance, dividends, capital gains and the allowances that cut your bill.
Taxes
Self Assessment Penalties: What You Owe at 1 Day, 3 Months, 6 Months and a Year
Miss the 31 January deadline and you owe £100 on day one. Miss it by a year on a £9,000 bill and penalties hit £3,250,…
Taxes
Simple Assessment Explained: The PA302 Letter and What to Do When the Figures Are Wrong
A Simple Assessment is HMRC telling you what it thinks you owe, not a return you file. You get 60 days to challenge the…
Taxes
Self Assessment: register by 5 October or face a penalty
If you need to file a Self Assessment return for the first time, you must tell HMRC by 5 October following the end of…
Taxes
Side hustle tax: the £1,000 trading allowance and what HMRC already sees
You can earn £1,000 of gross trading income a year tax-free under the trading allowance. Online platforms including…
Taxes
Working from home tax relief: withdrawn for employees from April 2026
Employees can no longer claim working from home tax relief - it was withdrawn from 6 April 2026. You can still claim…
Taxes
Uniform and tools tax rebate: flat rate expenses by job
If you wash a work uniform or buy your own tools, you can claim a flat rate expense without keeping receipts. The…
Taxes
Tax Code 1257L: What It Means and Why You Have It (2026/27)
1257L is the standard UK tax code for 2026/27, giving the full £12,570 Personal Allowance. Here is what it means, when…
Taxes
What Is a P45? Every Part Explained and What to Do With It
Your P45 carries your tax position from one job to the next. What each of the four parts does, what to do if you lose it…
Taxes
Tax Code BR: Why You Have It and What It Costs You
BR means every pound is taxed at 20% with no tax-free allowance. Right for second jobs, expensive on main jobs: up to…
Taxes
Inheritance Tax When the Second Parent Dies: The £1m Rule
The second death is when IHT really gets calculated. How both parents' nil-rate bands combine to £1 million, with worked…
Taxes
Autumn Budget 2026: Predictions, Likely Tax Rises and What to Expect
The Autumn Budget 2026 is expected in late October or November 2026, the first under Prime Minister Andy Burnham. With…
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