If a director borrows from their company, Section 455 tax of 33.75% can apply, plus benefit-in-kind charges on cheap loans…
Category: Tax
UK tax guides, deadlines and planning for businesses and individuals.
VAT Registration Threshold in the UK: The £90,000 Rule Explained
The UK VAT registration threshold is £90,000 of taxable turnover, tested on a rolling 12-month basis — not the tax…
Corporation Tax Marginal Relief Explained for UK Limited Companies
Limited companies pay corporation tax at 19% on profits up to £50,000 and 25% above £250,000. Marginal relief tapers the…
Making Tax Digital for Income Tax: Who Must Join in 2026 and 2027 and How to Prepare
Sole traders and landlords with qualifying income over £50,000 must join Making Tax Digital for Income Tax from April 2026,…