Tax Rates, Dates and Reference

When your employer lends you money at a low interest rate or interest-free, you may need to pay tax on the benefit you receive. HMRC sets an official interest rate each year to calculate this taxable benefit, known as a benefit-in-kind. If the difference between what you actually pay and the...

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If you've paid tax late or need to work out what you owe HMRC for a previous tax year, you'll need to calculate both interest charges and any penalties that apply. HMRC provides free interactive calculators that work out these amounts for you, covering tax years from 2005/06 t...

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If you use your own vehicle for business travel, you can claim tax-free mileage allowances at HMRC's approved rates. These rates cover fuel, servicing, insurance, and wear and tear, making them a simple way to account for business travel costs without keeping detailed receipts.

5 min read

If you're amending a tax return, responding to an HMRC enquiry, or checking what you should have paid in previous years, you'll need to know the Income Tax rates and allowances that applied at the time. This article provides historical Income Tax rates, bands, and Personal All...

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