Accounting Answers

Quick, clear answers to the most common UK accounting and tax questions. No jargon, just the facts.

Tax

What is the personal allowance for 2025/26?

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When is the self assessment deadline?

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How much tax do I pay on £50,000?

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VAT

What is the VAT registration threshold?

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Business

How much does an accountant cost in the UK?

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What is the difference between a sole trader and limited company?

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Contractors

What is IR35 and does it apply to me?

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Payroll

What are the employer NI rates for 2025/26?

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Property

Do I pay tax on rental income?

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General

What does ACCA stand for?

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