Income tax in the UK can be complex, but understanding the basics helps you save money and stay compliant.

A is for Allowances
Your personal allowance is the income you can earn before paying tax. It’s reduced if you earn over £100,000. Other allowances include Marriage Allowance, personal savings allowance, and dividend allowance.

B is for Bands
Income is split into basic, higher, and additional rate bands. You only pay the higher rates of tax on income above the basic threshold, not your entire earnings.

C is for CIS
The Construction Industry Scheme affects how sub-contractors are taxed. Registered construction workers have 20% deducted; unregistered ones face 30%. Head contractors pass this to HMRC as a tax prepayment.

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How TaxAssist Can Help
TaxAssist Accountants can help you keep on top of your income tax obligations and make sure you’re claiming all the allowances and reliefs to which you’re entitled. Call 0161 359 6178 or visit us online.
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