Questions And Answers

Read our expert answers to your questions

Concerned woman looking at a paper document

What is the 60% tax trap?

Income tax rates in England, Wales and Northern Ireland are spread over three taxes. Those in the Basic Rate Band (BRB) pay tax at 20% while those in the higher and additional rate bands pay 40% and 45% respectively. In Scotland, the rates range from 19% to 48%. So, who is paying tax at 60%?

First published 13 Feb 2024

Plumber working under a sink

What tax relief can I claim on property repairs?

First published 7 Feb 2024

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What is the Confirmation Statement?

First published 1 Jul 2016
Last updated 2 Feb 2024

Man on a laptop pushes away a pile of ring binder files to his right

How long do I need to keep my tax records?

First published 22 Jan 2024
Last updated 20 Mar 2024

Man working on a laptop

Is the threshold for filing a self-assessment tax return changing?

First published 2 Jun 2023
Last updated 12 Jan 2024

Child with piggy bank and abacus

How do I claim child benefit?

First published 8 Jan 2024
Last updated 12 Apr 2024

Note pad with National Insurance typed on it

Reduced National Insurance Contributions – what should I expect on my payslip at the end of the month?

First published 8 Jan 2024
Last updated 17 Apr 2024

Woman photographing a jumper with her mobile phone

Do I need to file a tax return if I sell my clothes online?

First published 4 Jan 2024
Last updated 4 Jan 2024

Jigsaw piece saying tax tips

I can’t file my self-assessment tax return by 31st January, will I get a penalty?

First published 25 Jan 2022
Last updated 2 Jan 2024

man looking at a file and laptop

When is my company accounts filing deadline?

First published 18 Dec 2023

working from home with cats

Can I claim for working from home tax relief?

First published 25 Jan 2023
Last updated 13 Dec 2023

Someone putting coins into a piggy bank

Is my bank interest income taxable?

First published 15 Nov 2023
Last updated 15 Jan 2024

Letter with PAY tax code typed on it

Can I pay my underpaid income tax through my PAYE code?

First published 9 Nov 2023

Someone making calcuations on a laptop

What are income tax payments on account?

First published 8 Nov 2023

Mother and daughter working on a computer

Will I need to pay tax on child benefit income?

First published 8 Nov 2023
Last updated 5 Apr 2024

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