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When you cannot charge VAT

Not all goods and services carry a 20% VAT, knowing the right rate can save costly mistakes. When a VAT-registered business issues an invoice to their customer, they must ensure
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Budget date announced

The Chancellor of the Exchequer, Rachel Reeves has confirmed, in a video message, that the next UK Budget will take place on Wednesday, 26 November 2025. Details of all the Budget
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Tax Diary October/November 2025

1 October 2025 - Due date for Corporation Tax due for the year ended 31 December 2024. 19 October 2025 - PAYE and NIC deductions due for month ended 5 October 2025. (If you pay
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Why your tax code might change

The letters in your tax code indicate whether you are entitled to the annual tax-free personal allowance. These codes are updated each year and help employers calculate how much
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