The PAYE (Pay As You Earn) system is how HMRC collects Income Tax and National Insurance from employees’ earnings. Here’s how it works for contractors

HMRC assigns tax codes to inform employers how much tax to deduct from an employee’s salary. What these numbers and letters mean for your take home pay.

A limited company can still pay dividends even if it has made a loss in the current year, provided it has sufficient retained profits in its accounts.

Business Asset Disposal Relief (BADR) lets company owners close down at a reduced CGT rate. Find out the rules, tax rates, and how to claim in 2026/27.

A guide to National Insurance for IT contractors. How NI works, and the prevailing rates and thresholds for employees’ and employers’ NICs.

A guide to the main taxes you will encounter as a limited or umbrella company contractor – including; Corporation Tax, VAT, National Insurance, Income Tax and Dividend Tax.

As a limited company director, you may have come across the terms ‘interim’ and ‘final’ dividends. But what do these terms mean in practice?

If you set up as a limited company contractor, you will have to pay Corporation Tax on your company’s profits. Here, we explain how CT works, how to register, and when to pay your tax liabilities to HMRC.

An overdrawn director’s loan account can trigger Section 455 tax and beneficial loan rules. What you need to know and how to clear the balance.

There may be times where you need to borrow money from your own limited company, or you may have unintentionally done so whilst drawing down funds. What are the tax implications of doing so?