Updated October 2026: statutory limits revised from 6 April 2026. In the United Kingdom, redundancy pay is a legal entitlement for employees who are made redundant, subject to meeting certain criteria. The rules regarding redundancy pay are outlined in the Employment Rights Act 1996. If you are
The Controversial Proposition: 100% Tax on Death
Introduction Death and taxes are often considered the only certainties in life. While we may not have control over the inevitability of death, governments worldwide have long relied on taxes to fund public services and infrastructure. However, imagine a scenario where a 100% tax is imposed on the
How To Issue Sales Invoices Whilst You Are Waiting For Your VAT Number
When you apply for VAT registration, there will be a period of overlap between submitting your application and receiving your VAT number from HMRC. During this time, you are not allowed to charge or display VAT on your invoices. However, you are still required to pay the VAT amount to HMRC for any
Demystifying Statutory Sick Pay (SSP) Calculation in the UK
Updated October 2026: rewritten for the Statutory Sick Pay changes that took effect on 6 April 2026. Introduction When employees in the UK are too ill to work, they may be entitled to Statutory Sick Pay (SSP) from their employer. SSP changed significantly on 6 April 2026 under the Employment Rights
HMRC’s Decision to Close VAT Registration Helpline: A Shift Towards Streamlined Services
Archived article: this was published in May 2023 and reports HMRC news at that time. HMRC services change regularly; see our VAT service or contact us for help with VAT registration. Introduction In a recent announcement, HM Revenue and Customs (HMRC) has declared the closure of the VAT registration
A Guide to the Spring Budget 2023
Archived article: this was published in March 2023 and reflects the Spring Budget announcements at that time. Many rates and rules have since changed. For the latest position, read our Budget 2026 summary and the ACCA guide to tax rates for 2027/28. Corporation tax From April 2023, the planned
Dealing with the HMRC
If you are a taxpayer in the UK and you need to deal with HMRC, there are several ways you can do so: It's important to keep in mind that HMRC has strict deadlines for tax returns and payments, so it's advisable to deal with them as soon as possible if you have any queries or issues. If you're
What are Dividends
Updated October 2026: tax rates revised for the 2026/27 tax year. A company must have sufficient distributable profits to pay a dividend. Distributable profits are the company's accumulated profits that are available for distribution to shareholders, after accounting for any losses, taxes, and
Reporting your capital gains on property to HMRC
Updated October 2026: allowance and deadlines revised for the 2026/27 tax year. Private Residence Relief You do not pay Capital Gains Tax when you sell (or ‘dispose of’) your home if all of the following apply: If all these apply you will automatically get Private Residence Relief
Autumn Statement 2022
Archived article: this was published in November 2022 and reflects the Autumn Statement 2022 at that time. Many rates and rules have since changed. For the latest position, read our Budget 2026 summary and the ACCA guide to tax rates for 2027/28. Key Points An expansion to the windfall tax from 25%