Category: Personal Allowance

Get the latest news on UK Income Tax Personal Allowance (ITPA) that could impact your take-home pay.

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Income Tax
Are you claiming all of your personal tax allowances?
A key reason why many sole traders, landlords and others end up paying too much tax is they...
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Self Assessment
Top 6 Self Assessment tax return allowances: are you missing out?
With costs rising significantly and budgets already stretched, people and businesses quite literally can’t afford to waste any...
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Sole Traders
Claiming tax allowances for buying or leasing a vehicle when you’re a sole trader
Many self-employed people couldn’t operate their sole trader business if they didn’t have a vehicle. Some sole traders...
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Sole Traders
What is the trading allowance and should you claim it?
The trading allowance (also called the trading income allowance) is a tax exemption that can be worth up...
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Tax
What is Income Tax?
What is Income Tax and when do you start paying it? Our mission is to make tax simple...
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Landlords
Do you receive income from a furnished residential property? Claim wear and tear allowance.
Please note: This tax relief is no longer available. Read our guide ‘An essential guide to landlord tax‘,...
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Income Tax
What is the income tax personal allowance for the 2023/24 tax year?
WHAT IS A PERSONAL TAX ALLOWANCE? Much to the disappointment of HMRC, every tax year most UK taxpayers...
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