Tax guides
Clear, practical guides to UK tax, pay and personal finance — each one links to the calculators that do the maths for you.
How to Pay Corporation Tax: Deadline, Reference and Methods
HMRC never bills you for corporation tax. The 9-months-and-1-day deadline, the 17-character reference, payment methods ranked by speed and the rates.
Laura Michelle Davis · 24 Jul 2026Inheritance 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 examples and executor steps.
Laura Michelle Davis · 24 Jul 2026
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 frozen thresholds already raising tax by stealth, the most likely moves are further freezes, higher taxes on dividends, savings and property income, and tighter pension and ISA rules. Here is what is being predicted and how to prepare.
Laura Michelle Davis · 22 Jul 2026
Premium Bonds vs Savings 2026: Which Wins After Tax?
For most people, a competitive savings account beats Premium Bonds on expected return, because the average Premium Bond prize rate is roughly what a good easy-access account already pays — before tax. Premium Bonds win in two cases: you have used up your Personal Savings Allowance and would be taxed on interest, or you value tax-free prizes and the chance of a big win over a steady return.
Laura Michelle Davis · 18 Jul 2026
PIP Rates and Eligibility 2026/27: Who Qualifies and How Much
Personal Independence Payment (PIP) has two parts — daily living and mobility — each paid at a standard or enhanced weekly rate, and it is tax-free and not means-tested. You may qualify if a long-term physical or mental health condition affects daily tasks or getting around, based on a points assessment rather than your diagnosis or income.
Laura Michelle Davis · 15 Jul 2026
Cash ISA Limit Cut to £12,000 from April 2027: What It Means for You
From April 2027 the amount you can put into a cash ISA each year falls to £12,000 for those under 65, while the overall £20,000 ISA allowance stays the same — the remaining £8,000 must go into a stocks and shares ISA. If you rely on cash ISAs, the key move is to use your full £20,000 cash allowance in 2026/27 before the cut lands.
Laura Michelle Davis · 11 Jul 2026
Claiming Tax Relief on Work Expenses: HMRC's Updated P87 Rules
HMRC has updated its P87 guidance and formal directions on what a job expenses claim must contain. Miss the employer PAYE reference, industry type or evidence and the claim is rejected outright. Here is what to include and what your claim is worth.
Laura Michelle Davis · 7 Jul 2026
Payrolling Benefits in Kind: What Changes from April 2027
HMRC has confirmed that company cars, fuel and medical benefits must be taxed through payroll from 6 April 2027, with most other benefits following in 2028. Here is the full timetable, what P11Ds survive, and what employers and employees should do now.
Laura Michelle Davis · 7 Jul 2026
HMRC Mileage Rate Rises to 55p a Mile, Backdated to 6 April 2026
The approved mileage rate for cars and vans rises from 45p to 55p per mile for the first 10,000 business miles, the first increase in 15 years. It applies for the whole 2026/27 tax year, so miles driven since 6 April already qualify.
Laura Michelle Davis · 7 Jul 2026All guides
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News
17- £1.6 Billion in Child Trust Fund Unclaimed Savings: How to Find Yours
- Capital Gains Tax 2026/27: £3,000 Allowance and 18%/24% Rates
- Claiming Tax Relief on Work Expenses: HMRC's Updated P87 Rules
- Dividend Tax Rise 2026/27: New 10.75% and 35.75% Rates Explained
- Frozen Tax Thresholds to 2031: The Stealth Tax Explained
- Government Launches Consultation on New First Time Buyer ISA
- High Income Child Benefit Charge 2026: The £60,000–£80,000 Trap
- HMRC Mileage Rate Rises to 55p a Mile, Backdated to 6 April 2026
- HMRC Wage Raid Payroll Checks 2026: Who Gets Visited and Why
- ISA Allowance 2026/27: £20,000 Tax-Free and How to Use It
- Kids Meals Tax Cut 2026: VAT Slashed to 5% on Children's Meals and Days Out
- Marriage Allowance 2026: Claim Up to £252 (and Backdate It)
- MTD Sign-Up Service Down 10 to 13 July: Act Before the 7 August Deadline
- National Insurance 2026/27: Employee and Self-Employed Rates
- Stamp Duty 2026: What You Pay and First-Time Buyer Relief
- Tax on Savings Interest 2026/27: The Personal Savings Allowance
- Why More Pensioners Are Getting Surprise Tax Bills in 2026
Credit Cards
5Taxes
18- Autumn Budget 2026: Predictions, Likely Tax Rises and What to Expect
- Capital Gains Tax rates 2026/27: allowance, rates and how to cut your bill
- Dividend Tax 2026/27: Allowance, Rates and How Much You'll Pay
- Dividend Tax Rise 2026: New 10.75% and 35.75% Rates Explained
- Government backs high street with acceleration of cheap import reforms and crackdown on dodgy online sellers
- How to Legally Reduce Your Income Tax in the UK (2026/27)
- Inheritance Tax When the Second Parent Dies: The £1m Rule
- National Insurance Rates 2026/27: How Much You Pay and Why
- Scottish Income Tax vs England: How Much More (or Less) You Pay in 2026/27
- Stealth Tax: Frozen Tax Thresholds to 2031 and Fiscal Drag Explained
- Tax Code 1257L: What It Means and Why You Have It (2026/27)
- Tax Code BR: Why You Have It and What It Costs You
- Tax Gap 2024-25 estimated at 6.4%
- The 60% Tax Trap Explained: How High Earners Lose Their Personal Allowance (and How to Avoid It) - 2026/27
- The Personal Allowance Explained: How the £12,570 Tax-Free Amount Works (2026/27)
- UK Income Tax Rates and Bands 2026/27: A Plain-English Guide
- UK Tax Codes Explained: What Yours Means (2026/27)
- What Is a P45? Every Part Explained and What to Do With It
Benefits
4Savings & ISAs
10- Born 2002-2011? You Could Have £2,000+ in Forgotten Cash
- Cash ISA Limit Cut to £12,000 from April 2027: What It Means for You
- HMRC Is Fining Lifetime ISA Savers: The 25% Withdrawal Trap
- How Many ISAs Can You Have? The 2026/27 Rules Made Simple
- ISA Allowance 2026/27: How to Use Your £20,000 Tax-Free Limit
- ISA Changes 2026/27: Cash ISA Cut, 22% Charge and Transfer Ban
- Lifetime ISA Explained: The 25% Bonus, Rules and Is It Worth It?
- Premium Bonds Explained: Odds, Prizes and Is It Worth It?
- Premium Bonds vs Savings 2026: Which Wins After Tax?
- Tax on Savings Interest: The Personal Savings Allowance Explained (2026/27)
Insurance
1Personal Finance
4Property
4Loans
3Business Finance
9- Director's Loans Explained: S455 Tax and the £10,000 Rule
- Employment Allowance 2026/27: Cut £10,500 Off Employer NI
- How to Pay Corporation Tax: Deadline, Reference and Methods
- Making Tax Digital for Income Tax: The Complete 2026 Guide
- PAYE vs Self-Employed: Which Leaves You Better Off?
- Payrolling Benefits in Kind: What Changes from April 2027
- Salary vs Dividends: How Should a Director Pay Themselves in 2026/27?
- Self Assessment Tax Returns 2026: Deadlines, Penalties and How to File
- Self-Employed Tax: A Beginner's Guide (2026/27)
Tax Guides
3Pensions
8- How Pensions Work in the UK: A Complete Beginner's Guide
- Is the Pension Tax-Free Lump Sum Being Scrapped? The Facts
- Pension Drawdown Explained: Income, Tax and Risks (2026/27)
- Pension Salary Sacrifice: How It Works and How Much You Save
- Pension Tax Relief Explained: How to Get Up to 45% Back (2026/27)
- Pension Tax-Free Lump Sum: How the 25% Rule Works (2026/27)
- State Pension Top-Up: Is Buying Back Missing National Insurance Years Worth It? (2026)
- Why Pensioners Are Getting Surprise HMRC Tax Bills in 2026
Investing
3Mortgages
4Tax, explained without the jargon
UK tax has a reputation for being complicated, and the official guidance isn't always easy to follow. Our guides aim to fix that. Each one takes a single topic — how income tax bands work, what you can claim as a self-employed person, how stamp duty is calculated — and explains it in plain English, with worked examples and links to the calculators that do the maths for you.
The guides are written and reviewed by the TaxFly editorial team and updated when the rules change, so you're reading about the system as it works now, not several years ago. Wherever a guide mentions a figure you can apply to your own situation, you'll find a matching tool: pair our take-home pay guidance with the Take-Home Pay Calculator, or read up on dividends and then try the Dividend Tax Calculator.
Where to start
If you're employed, begin with the basics of income tax and National Insurance. If you work for yourself, the self-employment and Self Assessment guides will save you the most time. Buying or selling property? Start with stamp duty and capital gains. And if you just want the numbers, head straight to our full library of free UK calculators. Everything here is free to read, with no account required.
TaxFly guides are general information, not personal financial or tax advice. For decisions about your own circumstances, speak to a qualified accountant or adviser.
