Knowledge Hub

A VAT return is the form that tells HMRC how much VAT you have charged your customers and how much you have paid other businesses. The difference between those two figures is either what you owe HMRC

What business insurance do you legally need when you are self-employed? Less than most people expect. If you work alone and do not drive for work, there is usually no insurance you are legally require

It can be, but the era of easy money is over. Dropshipping is now ordinary retail with the stock problem removed: the sellers who make it work run it like a proper business, and the ones who copy a vi

It depends entirely on what you are selling. Clearing out your own wardrobe, loft or garage on Vinted is almost never taxable, however much you list. Buying or making things in order to sell them at a

The tax year is fixed for everyone: it runs from 6 April to 5 April and drives your personal tax. A financial year belongs to your company: it is the 12 months your accounts cover, it is set when the

There is no official rate. YouTube does not publish what it pays per 1,000 views, and the honest answer is that it varies enormously, from pennies to tens of pounds, depending on your audience, your t

The 40% tax bracket is the higher rate of Income Tax in England, Wales and Northern Ireland. For the 2026/27 tax year, you pay it on taxable income between £50,271 and £125,140. Income Tax is the ta

For the 2026/27 tax year, which runs from 6 April 2026 to 5 April 2027, the Personal Allowance is £12,570. Above that, most people in England, Wales and Northern Ireland pay Income Tax at 20% up to Â

For the 2026/27 tax year, the first £500 of dividend income is tax free under the dividend allowance. Above that, dividends are taxed at 10.75% in the basic rate band, 35.75% in the higher rate band

The 1263L tax code means you can earn £12,630 in the tax year before paying Income Tax. That is £60 more than the standard tax-free amount of £12,570, which most people have under the common 1257L

If your business is VAT registered, you are not stuck with one way of handling VAT. HMRC runs several VAT accounting schemes: standard VAT accounting, the Cash Accounting Scheme, the Annual Accounting

Yes. You can own and run a UK limited company, or continue a sole trader business, while living in another country. Companies House does not require directors to live in the UK. There are four things

The UK tax year 2026/27 runs from 6 April 2026 to 5 April 2027. For most people, the dates that matter most this year are 31 July 2026 for the second payment on account, 5 October 2026 to register for