Personal Tax National Living Wage increased to £12.71 per hour from 1 April 2026 for those aged 21 and over. £10.85 per hour for those aged 18-20 and £8.00 for first year apprentices and those aged under 18 years of
These are small gestures available for employees or company directors. No tax or National Insurance is payable and you don’t need to let HMRC know. If you’re a director of a close company (less than 5 shareholders) you can receive
Yes, if you receive more than £1000 from sole trader earnings or as a partner in a business. Yes, if you receive untaxed income from Renting property Tips and gratuities Commission Income from savings, investments, dividends Foreign income If the
Thinking of changing to a new Accountant? There are 5 basic steps. Croft Accountancy Services Limited can help you to move Accountants in just 5 easy steps. Step One – Advise your current accountant of your decision to leave Write