Last reviewed: November 2026 You need to file a Self Assessment tax return if you have income that hasn’t been taxed through PAYE, or if HMRC asks you to. The most common reasons are below. You usually need to file if You are self-employed with income over £1,000. You are a partner in a business

Employers looking to take on new staff may wish to consider employing two or more part-time workers rather than one full-time worker. This can save them National Insurance. Employers are liable to pay secondary (employer’s) Class 1 National Insurance contributions on an employee’s earnings to the extent that they exceed the relevant secondary threshold. For

The Employment (Allocation of Tips) Act 2023 sets out a new legal framework for the fair allocation of tips. A new Code of Practice is to be introduced and employers will have a legal obligation to adhere to the Code. It will set out the principles of fairness and transparency and will reflect the different

Tax payments for the self-employed or those who declare their income under self-assessment are payable by 31 January and 31 July every year. Taxpayers who cannot pay by those dates have the opportunity to pay via HMRC’s ‘Time to Pay’ scheme whereby HMRC agrees to a payment plan for unpaid tax spread over a longer

The potential to be charged capital gains tax (CGT) arises with the sale or gift of an asset.   Deferral of the charge is possible with reference to business assets using ‘hold-over’ relief, thereby avoiding an immediate CGT charge for the donor. The donee takes over the donor’s CGT base cost, increasing any gain on