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Some UK taxes arise when certain transactions take place, such as purchases. These are known as transaction taxes. We give an overview of some of the main transaction taxes you may come across.

Trusts are more common than many people realise. They can be used to protect assets or simply hold assets on behalf of another person. Here we look at the different sorts of trusts that might be used and give an overview of how they are taxed. The information that follows is intended purely as ...

Paying National Insurance can earn you the right to receive certain benefits, such as the state pension. We explain how National Insurance contributions (NICs) work and how to work out what you will pay. If you want information on how to get a National Insurance number or what to do if you have ...

This section looks at how the tax system interacts with applying for and repaying student loans. When applying for student finance, you may need to provide details about your and your family’s taxable income. After leaving your course, you may repay your student loans through the tax system whether ...

On this page, we explain briefly the main ways tax is collected on income in the UK. We also discuss when and how you notify HMRC if you have tax to pay. For more information on how UK capital gains tax is collected, see our page Capital gains tax. For more information on how foreign income is ...