Understanding your forex trading tax obligations for the 2026 tax year requires careful consideration of how HMRC classifies your trading activity, proper calculation of profits and losses, and compliance with Self Assessment reporting requirements.
With the annual CGT exemption slashed to just £3,000, thousands more UK taxpayers now face capital gains tax on everything from property sales to cryptocurrency trades.
UK companies that remain dormant still face strict regulatory obligations, with late filing penalties starting at £150 and escalating to potential company dissolution through compulsory strike-off proceedings.
Modern lease accounting rules under IFRS 16 have transformed simple operating expenses into complex balance sheet calculations, creating new challenges for UK small businesses that require professional tools and systems to manage effectively.
Moving from employed to self-employed hairdressing means budgeting for insurance costs that can range from £200-1,500 annually, depending on your business model and coverage needs.
