UK Higher Tax Bracket: What It Really Means
More than 6 million people in the UK are now paying the higher rate of income tax, and that number keeps rising. Wages have gone up, but the thresholds have stayed frozen, which means more earners are quietly crossing the line each year. So, what is the higher tax bracket? It is the 40% income […]
Can a Sole Trader Be VAT Registered?
More than 300,000 sole traders in the UK are currently VAT registered. Many assumed it had nothing to do with them until HMRC said otherwise. So, can a sole trader be VAT registered? Yes, and for a growing number, it is not a choice but a legal requirement. The confusion is understandable. VAT feels like […]