What Is the personal allowance? UK Meaning Explained
The personal allowance is the amount of income a person can earn each tax year before income tax applies. For 2026-27 it is 12,570 GBP (HMRC), frozen at that level, and it tapers away once income passes 100,000 GBP.
UK Tax Statistics 2026
UK tax statistics for 2026: total HMRC receipts by tax, income tax liabilities and taxpayer numbers, VAT, NICs and corporation tax, the tax gap, Self Assessment filing and OBR tax-burden forecasts, sourced from HMRC and the OBR.
Rental Income Tax UK: What Landlords Owe HMRC, How It Is Calculated and What Happens If You Do Not Declare It
Rental income is taxable in the UK. This guide covers exactly how HMRC calculates tax on rental income, which expenses can be deducted, the £1,000 property allowance, and the penalties for undeclared rental income.
Inheritance Tax UK: Thresholds, Exemptions, the 7-Year Rule and 2026 Changes
UK inheritance tax is charged at 40% on estates above the nil-rate band. This guide covers every threshold, exemption, and relief - including the residence nil-rate band, gifts, the 7-year rule, and the 2026 freeze.
How UK Income Tax Actually Works: Bands, Allowances, Traps and Scottish Rates in 2026
UK income tax is more complex than the headline rates suggest. This guide explains every band, allowance, and trap in plain English - including the 60% effective rate, Scottish divergence, and how to legally reduce your bill.
HMRC Raises Advisory Fuel Rates From 1 June 2026: New Petrol, Diesel and LPG Mileage Rates for Company Cars
HMRC raised quarterly Advisory Fuel Rates from 1 June 2026. Petrol rose 2p to 4p per mile, diesel 3p to 5p, LPG 1p to 2p. Electric vehicle rates unchanged at 7p home and 15p public. Employers can use the March rates until 30 June. Full HMRC inputs and 8-quarter history.
