by support@informanagement.co.uk | May 21, 2026 | Income Tax
Making Tax Digital (MTD) for Income Tax is now in force for many self-employed individuals and landlords. Since 6 April 2026, taxpayers with qualifying business or property income exceeding £50,000 are required to maintain digital records and submit quarterly...
by support@informanagement.co.uk | May 14, 2026 | Income Tax
Your UK residence status affects how much tax you pay in the UK and, in particular, whether your foreign income and gains are subject to UK tax. In simple terms, UK residents are normally taxed on their worldwide income and gains, while non-residents are generally...
by support@informanagement.co.uk | May 14, 2026 | Income Tax
Depending on your income and circumstances, you may need to register for self-assessment. This may be the case even if most of your income is taxed through PAYE. You will usually need to file a self-assessment tax return if you are self-employed as a sole trader and...
by support@informanagement.co.uk | May 7, 2026 | Income Tax
Many taxpayers are surprised to learn that once their income exceeds £100,000, they can face an effective tax rate of 60%, although officially, no such rate appears to exist. This happens when the personal allowance (currently £12,570) is gradually...
by support@informanagement.co.uk | May 7, 2026 | Income Tax
Dividends are taxed differently from other types of income, with separate allowances and tax rates that depend on your overall level of income. You do not pay tax on dividends that fall within your Personal Allowance (2026-27: £12,570), and there is also a...
by support@informanagement.co.uk | May 7, 2026 | Income Tax
The Marriage Allowance lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner. Your Personal Allowance is the amount you can earn before paying Income Tax (£12,570 for the 2026–27 tax year). This transfer can...
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