The optimum directors salary 2026/27 is £12,570 per annum, which equates to £1,047 per month or £241 per week. This is the most tax efficient amount for the majority of directors to pay themselves. Owner managed businesses can typically decide […]
Tax code 1257L is the most common code in the tax year 2026/27 for those with only one job. How much tax is payable with a 1257L tax code? In the Spring Statement 2025 it was confirmed that the personal
Tax Code 1257L – How to Check Your Tax Code is Correct? Read More »
What is the dividend allowance and how much tax do I pay on my dividend income? Are dividends received in an ISA taxable? The dividend allowance allows shareholders to receive dividend income tax free. Dividends received in excess are taxed
HMRC will issue personal tax return penalties for late filing and late payment of any tax liabilities due. How are these penalties calculated? As Chartered Accountants and Tax Advisors, we strongly recommend that you file and pay your personal taxes
Patterson Hall Chartered Accountants are proud to be named as a top 3 tax service provider in County Durham. First awarded in 2019, the accountancy firm has now received the top 3 tax service award for the 7th consecutive year.
Tax Service Award for Patterson Hall Accountants Read More »
The 5 simple ways you can pay your personal tax liability. We go though each payment option, so you can decide the most convenient. Recap: Who needs to pay personal tax UK individuals who are registered for self-assessment must pay
With the Self-Assessment deadline less than 1 month away, HMRC have announced that 5.65 million tax returns are still outstanding. That is almost half of the expected 12 million tax returns due to be filed for the tax year 2024/25.
Are you planning to give your staff gifts this Christmas? Here are the rules that you must follow to ensure that the gifts are tax free for your staff. Related Links: DISCLAIMER – Please note that the content contained in
On Wednesday 26th November 2025, the Chancellor, Rachel Reeves delivered her second Budget. She announced £26.1 billion in annual tax rises by 2029/30 mainly by freezing income tax thresholds. Labour’s manifesto pledge not to raise income tax, National Insurance or
The National Minimum Wage for an individual aged 21 years and over will be £12.71 per hour. See all hourly minimum rates from April 2026 below. It is important to ensure that employees are paid the minimum wage. The hourly
National Minimum Wage – The new rates from April 2026 Read More »