Key Tax Rates and Allowances

In this article we have set out the key tax rates and allowances for the 2025/26 tax year, as applicable to persons resident and permanently settled in the UK. It is not an exhaustive list and there may be other factors relating to your situation that are not covered here.

One of the key discussions we have with our clients is “what is your marginal rate of tax?” as well as, of course, the absolute amount payable. With this in mind, over the course of the next few articles, we have produced a Tax Rate Guide for 2025/26 to help you understand how your circumstances fit into the myriads of tax rates that exist in the UK.

In our last two articles, we have explained the government’s Making Tax Digital for Income Tax initiative (MTD for IT) and how it may affect you.  In this article we take a look at appropriate choice of software, penalties and the next steps you need to take in preparing for the scheme. 

In our last article, we explained the government’s Making Tax Digital for Income Tax initiative (MTD for IT) and how it may affect you.  With no more delays expected to the implementation of the scheme and the introduction of it now less than a year away for some, it’s essential to understand what action you need to take and when by as well as understanding what qualifies as digital record keeping. So, in this post, we take a closer look. 

Making Tax Digital (MTD) is a government “digital first” initiative to modernise HMRC’s tax system, with the aim of making the whole process of administrating tax simpler and more efficient.

In this final article in our Spring Statement series, we take a look at some of the changes to tax administration and how these changes may affect you or your business.

Significant changes have been made to the tax regime relating to non-UK domiciled individuals recently. In this article, we take a closer a closer look at these changes and how that may affect you. 

Entrepreneurs and business owners will always be rightly concerned about the implications of any tax measurers or changes introduced by the Chancellor. With this in mind, in this article we take a look at the recent changes to National Insurance contributions, the National Living Wage and National Minimum Wage, and other tax measures. 

Following the Chancellor’s Spring Statement in March, you may be concerned about how some of the tax measures or changes announced may affect you. With this in mind, in this and the next article, we have focused on the implications of the Spring Statement on entrepreneurs and business owners.