Tag: income tax

Finance 8 min read

If I Take Home £1,600 a Month, What Is My Salary in the UK?

If an employee takes home £1,600 per month in the UK, their estimated gross salary is approximately £21,780 per year. This is equal to about £1,815 per month…

ByPeter

1 September 2026

Finance 26 min read

What Is Making Tax Digital? MTD Rules, Thresholds and Deadlines for 2026

Last reviewed: 10 August 2026. Making Tax Digital (MTD) is HMRC’s system for requiring certain taxpayers and businesses to keep specified tax records digitally and use compatible software…

ByCharles

9 June 2025

Finance 11 min read

How is Tax Calculated in UK for New Business?

Tax in the UK is calculated by adding together taxable income, deducting available allowances and applying the relevant tax rate to each portion of income. For most people,…

ByPeter

7 March 2024