Tax Space

Tax Space At Tax Space ®, we make accounting simple and stress-free for startups & small businesses.

By streamlining your finances, we save you time and help your business grow. Focus on your passion—we’ll handle the numbers!
📞 Book your free consultation today!

03/05/2026

🇬🇧 UK State Pension & National Insurance – key facts you should know

✅ Important for those receiving the State Pension:
You do NOT pay National Insurance contributions on your State Pension. NI is only charged on income from work (employment or self-employment).
However, your State Pension IS considered income and counts toward your total yearly earnings. If your total income exceeds the personal allowance (£12,570), part of your pension may be taxable.

❗️ To receive the full UK State Pension, you usually need 35 qualifying years of National Insurance contributions.
Got fewer years? It’s worth checking – you can often fill gaps by making voluntary contributions.
🔎 How to check?
Log in to your HMRC account (Government Gateway), verify your identity, and check your State Pension forecast.
💬 If you’d like help, just comment “Contact”
💼 Need an accountant, tax return, or help with your pension / NI contributions? Get in touch.

26/04/2026

❤️ Love + Taxes = More Money in Your Pocket? Yes, it’s possible in the UK!

Did you know that being in a formal relationship (marriage or civil partnership) isn’t just about romance — it also comes with real tax benefits in 2026?

Here are 4 ways couples can legally pay less tax:

1️⃣ Marriage Allowance
If one of you earns below £12,570 and the other is a basic rate taxpayer, you can transfer £1,260 of tax-free allowance. Result? Up to £252 less tax per year!

2️⃣ Double Capital Gains Tax (CGT) Allowance
Selling shares, a second property or investments? Each of you has your own £3,000 CGT-free allowance. Transferring assets to your partner before selling lets you use two allowances instead of one.

3️⃣ Shifting Income & Savings
You can transfer money, shares or property between you with no gift tax. It often makes sense to put savings or rental income in the name of the lower earner — so you pay less tax (or none at all).

4️⃣ Inheritance Tax-Free Transfer
Assets passed between spouses or civil partners are usually completely exempt from Inheritance Tax. One of the biggest financial protections for couples in the UK.
Love really does pay — especially when you plan your finances together 💰

Important: This is general information only and not personal tax advice. Every situation is different — always consult your own accountant or tax adviser before taking any action.

Looking for a reliable accountant who can handle couples’ tax planning, optimisation and MTD ITSA for you?
Write CONTACT in the comments – I’ll get in touch with more information.
Don’t leave it until the last minute – the sooner you prepare, the easier it will be!

HMRC compliance doesn’t have to be a headache.Stop chasing receipts. Start chasing goals.Tax season shouldn't feel like ...
24/04/2026

HMRC compliance doesn’t have to be a headache.

Stop chasing receipts. Start chasing goals.

Tax season shouldn't feel like a countdown to a crisis. ☕📉
In 2026, the speed of business in the UK is faster than ever. If you’re still spending your weekends wrestling with spreadsheets and HMRC portals, you’re losing more than just time—you’re losing the energy to grow your business.
At Tax Space Ltd, we don’t just “do the books.” We provide clear, real-time financial insight so you can focus on growing your business instead of managing paperwork.
We help UK business owners stay compliant, tax-efficient, and fully in control of their numbers.

✅ Real-time financial clarity
✅ HMRC compliance made simple
✅ Smarter tax efficiency strategies

Ready to remove the stress from your finances? 🚀
Drop us a message to get started today.

🚨 MTD ITSA is now LIVE (since 6 April 2026)If your self-employment or rental income is over £50,000, this now applies to...
18/04/2026

🚨 MTD ITSA is now LIVE (since 6 April 2026)
If your self-employment or rental income is over £50,000, this now applies to you 👇

You must:

➡️ Keep digital records

➡️ Use MTD-compliant software

➡️ Submit quarterly updates (first deadline: 7 August 2026)

⚠️ Many sole traders & contractors (especially in construction) are not ready yet

Still using spreadsheets?

No proper system?

Not sure what to do next?

At Tax Space Ltd, we make it simple:

✅ QuickBooks & Zoho Books – fully MTD compliant
✅ CIS + MTD in one place
✅ We handle your quarterly updates
✅ Fixed monthly fee
✅ Polish & English support

⏳ Only a few months until the first deadline

👉 Comment “MTD” or send a message

and we’ll send you a FREE checklist:

“MTD ITSA 2026 – What You Need to Do Before 7 August”

🇵🇱 We speak Polish & English

📌 HOW INCOME TAX WORKS IN THE UK (2026/27) Many people in the UK think: “the more I earn, the more I keep.”In reality, a...
15/04/2026

📌 HOW INCOME TAX WORKS IN THE UK (2026/27)

Many people in the UK think: “the more I earn, the more I keep.”
In reality, at higher income levels, you can actually lose more than you gain due to hidden thresholds and tax traps.

✅ Income Tax Bands (2026/27):
• £0 – £12,570 → 0% (Personal Allowance)
• £12,571 – £50,270 → 20% (Basic rate)
• £50,271 – £125,140 → 40% (Higher rate)
• £125,141+ → 45% (Additional rate)

⚠️ Hidden tax traps most people ignore:
• £60,000 → Child Benefit starts being taken away (fully lost by £80,000)
• £100,000 → Personal Allowance is reduced (£1 lost for every £2 earned over £100k) → creates an effective 60% tax rate
• £100,000+ → Loss of Tax-Free Childcare support
• £125,140+ → Personal Allowance = £0 + 45% tax rate

💡 Key takeaway:
Most people focus on earning more.
The most financially aware focus on how income is structured.

That’s where real, legal tax savings happen:
✔️ Salary + dividends
✔️ Pension contributions
✔️ Salary sacrifice
✔️ ISAs
✔️ Limited company structures

👉 Want to understand how to legally pay less tax in the UK based on your situation? Send me a message.

📌 JAK DZIAŁA PODATEK DOCHODOWY W UK w 2026/27 – prosty przewodnikWielu osób w Wielkiej Brytanii myśli: „im więcej zarabi...
15/04/2026

📌 JAK DZIAŁA PODATEK DOCHODOWY W UK w 2026/27 – prosty przewodnik

Wielu osób w Wielkiej Brytanii myśli: „im więcej zarabiam, tym więcej mi zostaje”.
W praktyce przy wyższych dochodach często tracisz więcej niż zyskujesz przez ukryte progi i „tax traps”.

✅ Aktualne progi podatkowe Income Tax:

• £0 – £12,570 → 0% (Tax free – Personal Allowance)
• £12,571 – £50,270 → 20% (Basic rate)
• £50,271 – £125,140 → 40% (Higher rate)
• £125,141+ → 45% (Additional rate)

⚠️ Ukryte progi i podatkowe pułapki, które większość osób pomija:

• £60,000 → Child Benefit zaczyna być zabierany (High Income Child Benefit Charge) – pełna utrata przy £80,000+

• £100,000 → Personal Allowance zaczyna się zmniejszać (£1 mniej na każde £2 ponad 100k) → tworzy efektywny 60% tax trap

• £100,000+ → Utrata prawa do Tax-Free Childcare (darmowego wsparcia na opiekę nad dziećmi)

• £125,140+ → Personal Allowance spada do zera + najwyższa stawka 45%

Najważniejsze wnioski:
Większość ludzi skupia się na tym, żeby zarabiać więcej.
Najlepsi (i najbogatsi) skupiają się na tym, jak dochód legalnie ustrukturyzować (salary + dividends, pension contributions, salary sacrifice, ISAs, spółka LTD itp.).
To właśnie tam są największe legalne oszczędności podatkowe.

📌 Important Changes to Statutory Sick Pay from April 2026.From 6 April 2026, Statutory Sick Pay (SSP) is payable from th...
11/04/2026

📌 Important Changes to Statutory Sick Pay from April 2026.

From 6 April 2026, Statutory Sick Pay (SSP) is payable from the first day of sickness – the 3 waiting days have been removed.
SSP now applies to all employees, regardless of earnings level.

Rate: £123.25 per week or 80% of average weekly earnings – whichever is lower.

Self-certification is enough for the first 7 days. A Fit Note is only required after that.

Got questions about how these changes affect your payroll or sickness absence?
Drop us a message: [email protected]

07/04/2026

💡 Want to pay yourself from your limited company in the smartest, most tax-efficient way possible?
As a UK director, getting the right mix of salary and dividends can make a huge difference to what you actually keep.
Here’s a popular strategy for the 2026/27 tax year:

Salary: £12,570 → qualifies you for a full state pension year
Dividends: £37,700

Total gross income: £50,270
Tax breakdown:
✅ No income tax on the salary
✅ No employee National Insurance
✅ Dividend tax ≈ £3,999 (at the new 10.75% basic rate)

Net take-home: £46,271

That’s over £46k in your pocket from £50k+ of income.

Remember: dividends can only be paid from after-tax company profits (corporation tax has already been paid at 19–25%).

Every director’s situation is unique — the ideal split depends on your total profits, other income, and personal circumstances. Always run the numbers with your accountant.
This is for educational purposes only and is not personalised tax advice.
Save this if you run a limited company 👇

07/04/2026

👉 „MTD ITSA właśnie startuje – i jeśli masz dochód powyżej £50k, to NIE możesz tego ignorować.
Największy problem?
Większość osób nie rozumie, że chodzi o qualifying income, a nie turnover.
Dlatego przygotowałem prostą checklistę, która pokaże Ci krok po kroku:
✔ czy Cię to dotyczy
✔ co musisz zrobić teraz
✔ jak się przygotować bez stresu
📩 Napisz ‘START’ w komentarzu lub DM
albo pobierz tutaj:
👉https://drive.google.com/drive/folders/1ZkouAEHBKAgWdvY1npjUMXVKF9pJAKMD?usp=sharing

14/01/2026

Self Assessment – deadline 31 stycznia!

Masz działalność, wynajem lub dodatkowe źródła dochodu w UK?
👉 Czas na złożenie Self Assessment i zapłatę podatku!

⏰ Nie odkładaj!
Spóźnienie = £100 kary + odsetki

📩 Potrzebujesz księgowego?
Napisz do nas: [email protected]

(Im wcześniej, tym mniej stresu 😉)
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