#Hmrc

Stories tagged “Hmrc”.

38 stories

Inheritance Tax Basics

Inheritance Tax may be charged on the estate of someone who has died, above certain thresholds. This UK guide explains the…

Rachel Stone · · 6 min read

Capital Gains Tax Explained

Capital Gains Tax is charged on the profit when you sell or dispose of certain assets that have risen in value. This UK guide…

Rachel Stone · · 6 min read

Understanding UK Tax Codes

Your tax code tells your employer or pension provider how much tax-free income you get before Income Tax is deducted. This UK…

Rachel Stone · · 6 min read

Marriage Allowance Explained

Marriage Allowance lets some couples reduce their tax bill by transferring part of one partner's personal allowance to the other…

Rachel Stone · · 5 min read

What Is Tax-Free Childcare?

Tax-Free Childcare is a UK government scheme that tops up money you pay towards approved childcare. This guide explains who…

Rachel Stone · · 5 min read

What Is Child Benefit?

Child Benefit is a regular payment from HMRC to people responsible for bringing up a child. This UK guide explains who can claim…

Rachel Stone · · 6 min read
Business

What Is R&D Tax Relief?

R&D tax relief is a UK government incentive that lets companies reduce their Corporation Tax bill, or claim a cash payment, for…

Tom Bennett · · 6 min read

What Is the UK Tax Year?

The UK tax year runs from 6 April to 5 April, not from January. This guide explains why it falls on those odd dates, the key…

Rachel Stone · · 5 min read

What Is a P11D?

A P11D is the form employers use to report taxable benefits in kind, such as a company car or private medical insurance. This UK…

Rachel Stone · · 5 min read

What Is a P45?

A P45 is the form you get when you leave a job, showing your pay and tax so far this year. This UK guide explains what it…

Rachel Stone · · 5 min read
Business

What Is a Business Partnership?

A business partnership is a structure where two or more people run a business together and share its profits. This UK guide…

Marcus Vale · · 6 min read

Dividend Tax Explained

Dividend tax is the Income Tax you pay on dividends from shares and company profits above a tax-free allowance. This UK guide…

Rachel Stone · · 5 min read
Business

What Is a Dormant Company?

A dormant company is one that is not trading and has no significant accounting transactions. This guide explains what dormant…

Marcus Vale · · 6 min read
Business

What Is Corporation Tax?

Corporation Tax is the tax a UK limited company pays on its profits. This guide explains what counts as profit, how the…

Marcus Vale · · 6 min read