All UK except Scotland (see below) 2022/23 2023/24 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate for savings rate (applicable to savings income up to £5,000) 0% 0% Savings allowance (0% tax applies to the first part of savings income): Basic rate taxpayers £1,000 £1,000 Higher rate taxpayers …
Income tax and capital gains tax There are two different deadlines depending on which procedure you follow: Internet filing – the time limit for filing a tax return is normally 31 January in the following year, thus, for example, the 2022/23 return should be filed by 31 January 2024 paper returns – have a deadline of 31 October, …
Starting your own business can be an exciting and rewarding venture, but it’s important to choose the right business structure to fit your needs. One of the most common legal forms of business is sole trading or self-employment. In this blog, we will explore the essentials in relation to Sole trading/self-employment, helping you make an …
Sole trading or Self-employment Essentials: How to set things up Read More »
Starting a business is an exciting and rewarding journey, but it’s important to choose the right business structure for your needs. Self-employment and limited company structures are two common options that come with their own set of pros and cons, particularly from tax and legal perspectives. Here’s a brief rundown of each: Self-Employed Pros: Cons: …
Self-Employed vs Limited Company: A Comparison of Tax and Legal Implications Read More »
