Taxes: a guide for beginners

Does everyone have to pay taxes? The simple answer to this question is “yes”, unless you’re a low earner. The most common way to pay tax is as income tax on your salary. You might also be taxed on other forms of income; find out more in this guide.

Learn what you need to know about income tax rates for 2023/24, how personal allowance works and the different tax thresholds.

In this article, you’ll discover what inheritance tax is, who has to pay it, how it’s calculated and if there are ways you may be able to reduce the amount you’ll pay.

Find out more about what progressive taxes are, what types of taxes are progressive, how they work and how they may affect you.

Discover what regressive tax is, the different types of regressive taxes and the impact regressive tax has.

On this page, you’ll find out more about indirect tax, how it works and how it might affect you.

Read this guide to find out more about capital gains tax in the UK and how much you might have to pay.

This guide is for the more than 10 million Brits completing self-assessment tax returns for HM Revenue and Customs (HMRC). Find out all about tax returns, who has to complete them and what happens if your tax return is late.

On this page, you’ll learn about the updated tax return deadline, what may happen if you miss the deadline and the key dates you need to know this tax year.

In this article, we explain how UK tax codes are calculated, what they mean and the reasons they might change. You’ll also learn how to check your tax code and what to do if you have the wrong tax code.

This guide explains everything you need to know about tax relief, how it works, what you can claim tax relief on and how you claim it.

On this page, you’ll find out everything you need to know about pension tax relief and how to claim it.

When employees are asked to work from home, their expenses are likely to increase due to additional use of things like electricity, heating and the internet. Find out if you can claim working from home tax relief.

In this article, you’ll learn what the marriage allowance is, how it works and whether you’re eligible to make a claim. We also answer some of your frequently asked questions.

In the UK, gifting money to your loved ones is pretty easy, but it’s important to bear in mind that some gifts might be taxed by the government. On this page, you’ll learn everything you need to know about gift tax, including your gift allowance and gifting exclusions.

On this page, you’ll learn what these rules are, what the tax implications are on large gifts and things you may want to consider before you give your children money.