Taxes
Gifts From Parents: Do You Pay Tax on Money You're Given?
If your mum or dad gives you money, there is no tax to pay on the gift itself — no income tax, no "gift tax", no limit…
Taxes guides
How UK tax actually works — income tax, National Insurance, dividends, capital gains and the allowances that cut your bill.
Taxes
How to Fill In a Self Assessment Tax Return: Step by Step for 2025/26
A plain-English walkthrough of the online Self Assessment tax return for 2025/26 — what to gather first, how to tailor…
Taxes
Gift Aid Explained: How Higher-Rate Taxpayers Claim the Extra
Gift Aid adds 25% to your donation at no cost to you — but if you pay tax above the basic rate, there is a second slice…
Taxes
Do I Need to File a Tax Return? The Self Assessment Rules for 2026
A plain-English checklist of who must file a Self Assessment return for 2026/27 — including the £1,000 side income test,…
Taxes
Can't Pay Your Tax Bill? HMRC Time to Pay Explained
If you can't pay your Self Assessment bill, HMRC Time to Pay lets you spread it over monthly instalments — usually up to…
Taxes
HMRC Personal Tax Account: What You Can Check, Claim and Fix
The HMRC personal tax account is where you check your tax code, pay records, National Insurance and State Pension…
Taxes
Car Tax Bands 2026/27: VED Rates for Every Car, Including EVs
How car tax bands work in 2026/27 — first-year rates by CO2 emissions, the flat standard rate from year two, the…
Taxes
Do You Pay Tax on an Inheritance? What Beneficiaries Actually Owe
Inheritance Tax is paid by the estate, not by the person receiving the money, and a legacy is not taxable income. But…
Taxes
Tax Code D0: Why Your Second Job Is Taxed at 40%
Tax code D0 means every pound from that job or pension is taxed at the higher rate, with no Personal Allowance and no…
Taxes
The 7-Year Rule and Taper Relief: How Gifts Fall Out of Inheritance Tax
Most lifetime gifts drop out of inheritance tax after seven years. Here is how the clock works, when taper relief…
Taxes
Gifting Money to Children: The £3,000 Rule and Gifts Out of Normal Income
Giving money to your children is not taxed when you hand it over, but it can still affect Inheritance Tax. Here is how…
Taxes
When Do You Pay 40% Tax? The £50,270 Threshold Explained
Higher-rate tax starts at £50,270 in England, Wales and Northern Ireland — but only the pound above the line is taxed at…
Other topics
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