Important dates and deadlines The UK tax year for individuals runs from 6th April - 5th April each year, with the deadline always the following 31st January. For the 26/27 tax year, this will cover personal income between 6th April 26 - 5th April 27 with a filing deadline of 31st January 2028. Personal allowance The personal allowance remains at £12,570 for the 26/27 tax year, including Scotland, England, Northern Ireland and Wales. This means that the first £12,570 you earn will be tax...

Check if you need to file a self-assessment with HMRC for the 25/26 tax year.

What are dividends? Dividends are a type of income received from a limited companies profits, to its shareholders. Most small business owners, who run a limited company, will take their income in a tax efficient way, which is a mixture of directors salary and dividend income. You may also receive dividends from investments throughout the year, such as a Stocks and Shares portfolio. How much can I take and how often can I take dividends? The amount of dividends you take from a limited company,...