Understanding Tax Concepts in the UK | Complete 2025-26 Guide for Individuals & Businesses | PTA

Описание: Taxes are an essential part of living and doing business in the UK — but understanding them doesn’t have to be complicated. In this video, PTA (Pro Tax Accountant) breaks down the core tax concepts in the UK — including income tax, corporation tax, VAT, and capital gains — in simple, practical terms for individuals, employees, landlords, and business owners.

Whether you’re self-employed, running a limited company, or managing investments, this video gives you a clear, easy-to-understand overview of the UK tax system in 2025 and how it impacts your income, savings, and business profits.

✅ In This Video, You’ll Learn:

What the main types of taxes in the UK are and how they work

The difference between direct and indirect taxes

How Income Tax applies to salaries, pensions, and self-employment income

What National Insurance Contributions (NICs) are and why you pay them

How Corporation Tax works for limited companies

What Value Added Tax (VAT) is and when you must register for it

When Capital Gains Tax (CGT) applies to property and investments

How Inheritance Tax (IHT) affects estates and family wealth

The concept of tax allowances, thresholds, and reliefs

How HMRC collects taxes and what your tax code really means

Tips to manage tax compliance and avoid penalties

💷 Key Tax Rates for 2025/26 (as of April 2025):

Personal Allowance: £12,570 (income under this amount is tax-free)

Basic Rate: 20% (income between £12,571 – £50,270)

Higher Rate: 40% (income between £50,271 – £125,140)

Additional Rate: 45% (income over £125,140)

Corporation Tax: 19% (profits ≤ £50,000) | 25% (profits ≥ £250,000)

VAT: Standard rate 20% | Reduced rate 5% | Zero-rated for essentials

CGT: 10% (basic rate) | 20% (higher rate) on most assets

IHT: 40% (on estates above £325,000 threshold)

💡 Pro Tips to Master UK Tax Concepts:

Always check your tax code to ensure you’re not overpaying.

Use tax-free allowances like the Personal Savings Allowance and ISA.

Claim eligible tax reliefs for expenses, pensions, and charitable donations.

Keep accurate records for at least 5 years after the tax year ends.

Hire a qualified accountant to optimise your taxes and ensure compliance.

💼 Expert Help from PTA (Pro Tax Accountant):
At Pro Tax Accountant, we simplify UK tax complexities for individuals and businesses. Whether you need help with Self Assessment, Corporation Tax, VAT returns, payroll, or tax planning, our team of qualified accountants ensures your finances are managed efficiently — helping you save money, stay compliant, and grow confidently.

📞 Contact Pro Tax Accountant for professional tax advice and accounting support:
WhatsApp / Phone: 07985689912
Email: [email protected]

Website: www.protaxaccountant.co.uk

Subscribe to our channel for more expert videos on UK tax updates, HMRC guidance, business accounting, and personal finance — all brought to you by PTA (Pro Tax Accountant), your trusted UK accounting partner.

⚠️ Disclaimer:
This video is for general informational purposes only and should not be taken as financial or legal advice. Tax rates and HMRC policies may change. Always consult a qualified accountant before making financial decisions. PTA (Pro Tax Accountant) accepts no responsibility for losses arising from reliance on this information.

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