Present rates of Corporation Tax

by | Jun 19, 2025 | Corporation Tax

Corporation Tax rises with profit levels. Marginal relief bridges the gap, easing businesses from the 19% small profits rate to the 25% main rate. The Corporation Tax Main Rate applies to companies with profits exceeding £250,000 and is currently set at 25%. For...

2025 Spending Review published

by | Jun 19, 2025 | General

The government’s 2025 Spending Review outlines a major funding boost for healthcare, defence, housing, and infrastructure to support long-term recovery and growth. The 2025 Spending Review was published on 11 June 2025 and outlines the government's plans to...

When do the higher rates of Income Tax apply

by | Jun 19, 2025 | Income Tax

Once your income passes £100,000, your tax-free allowance starts to shrink. Between £100,000 and £125,140, the effective tax rate climbs to 60%, but smart planning can help. If you earn over £100,000 in any tax year your personal allowance is...

Who must send in a tax return

by | Jun 19, 2025 | Income Tax

From self-employment to rental income, there are many reasons you may need to file a Self-Assessment return. Know the triggers and register with HMRC by 5 October if this is your first time. There are a number of reasons why you might need to complete a...