Self-Assessment 2026 — Avoid £100 + 5% Penalties If you’re self-employed, a landlord, or have income outside PAYE, you must file a Self Assessment tax return. Missing the deadline costs £100 instantly, with escalating penalties after that. Here’s the 2026 timeline and the most-overlooked penalty traps. The Key Deadlines For the 2025–26 tax year (April …
Capital Gains Tax UK 2026 — £3,000 Allowance and the Hard Lessons The UK Capital Gains Tax annual exempt amount has been cut hard. From £12,300 in 2022–23 to £3,000 in 2024–25 and 2025–26. Investors are paying CGT on far smaller portfolios than they used to. Here’s the 2026 picture. CGT Rates in 2026 Lower …
Dividend Tax Allowance 2026 — £500 and the Hidden Tax Hit The Dividend Allowance dropped from £2,000 to £1,000 in 2023, then to £500 for the 2024–25 tax year and remains £500 for 2025–26. For investors holding dividend-paying stocks outside an ISA, this matters more each year. How It Works Dividends earned outside an ISA …
VAT Registration Threshold: When You Must Register — If your business turnover exceeds £90,000 in any rolling 12-month period (2026 threshold), you must register for VAT. Many small businesses fall foul of this by accident. Here’s the practical guide. The Registration Threshold 2026 Compulsory registration: Your taxable turnover exceeds £90,000 in the past 12 months …
HMRC Self-Assessment 2026: Deadlines, Mistakes & Reliefs Most People Miss — If HMRC sends you a Self-Assessment notice — or you have self-employment, rental income, or untaxed income over £1,000 — getting this right can save you hundreds or even thousands in tax each year. Here’s the 2026 essentials. Key Deadlines 5 October: Register for …