Keep up to date with the latest in UK income tax news that may affect your personal allowance. Find out what income tax is and how GoSimpleTax can help.
31 May 2022
If you own shares in a profit-making company, you may receive regular or occasional dividend payments. And if you run your own small limited company, most of your income might come from regular dividend payments. Whatever…
17 May 2022
The amount of Income Tax you pay in each tax year when you’re self-employed (ie a sole trader) is determined by how much income you earn above the Personal Allowance threshold and how much of your…
04 May 2022
Some five and a half million British people live permanently outside the UK. About a third of them call Australia or New Zealand home, while more than a quarter live in the US or Canada, with…
02 Dec 2021
UK freelancer numbers have grown massively in the past 20 years. Although there were 1.2m freelancers in 2000, now there are an estimated 2.2m. And while 1.9m are full-time freelancers, some 239,000 freelance part time as…
13 Oct 2021
Making Tax Digital (MTD) is a major government initiative that aims to make it easier for people and businesses to “get their tax right” and “stay on top of their tax affairs”. It will bring about…
22 Jul 2020
If you use sites such as eBay and Depop to sell personal items for profit, you may be walking an Income Tax tightrope. There’s a grey area in paying tax as an online seller, and that…
19 May 2020
In what might prove one of the toughest years for UK workers, there have been a series of tax changes for 2020/2021 that individuals should also be conscious of. Otherwise, they run the risk of being…
25 Oct 2019
Self-employment tax generally refers to the tax bill of sole traders and freelancers. After initially registering as self-employed, sole traders are expected to figure out how to calculate self-employment tax themselves. It’s a big jump, going…
12 Sep 2019
Every year, the government announces new financial plans in their Autumn Budget. In 2018, arguably the most significant changes to occur were the increase in the tax-free Personal Allowance threshold, the increase in the higher rate…
28 Dec 2018
When it comes to tax, understanding is everything. Whether you’re self-employed or working elsewhere in a non-PAYE capacity, you absolutely must know how much Income Tax you’re meant to pay. Estimate your Income Tax before it…
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