A detailed guide explaining how tips are taxed in the UK for 2025/26, including the differences between cash tips, employer-controlled tips, and tronc systems, as well as how income tax and National Insurance apply, rules on declaring tips to HMRC, and key updates from the Employment (Allocation of Tips) Act 2023.

If your director’s loan account (DLA) is overdrawn and has been for some time, you may be considering writing it off to tidy things up. On the face of it, waiving the loan seems simple—but it can come with an unexpected cost: National Insurance (NI) charges for both you and the company. So, how can you clear the debt without triggering an NI bill? Let’s break it down. Business men caught in a net Understanding Loan Waivers and Tax Treatment When a company writes off a loan ma