UK Tax (HMRC)

Making Tax Digital for UK Micro Businesses: What You Need to Know (and When)

Making Tax Digital for Income Tax requires UK sole traders and landlords to keep digital records and submit quarterly summaries to HMRC. Most micro businesses earning under 50,000 pounds will be mandated from April 2027 or 2028.

Apr 15, 202613 min read

Tax Guides

Capital Allowances UK: Annual Investment Allowance and Writing Down Allowances

Guide to UK capital allowances in 2026, covering Annual Investment Allowance (AIA) and Writing Down Allowances (WDA) for business equipment, machinery, and vehicles.

Mar 15, 20262 min read

Tax Guides

Flat Rate Expenses HMRC: Simplified Expenses for Self-Employed

HMRC's simplified expenses scheme lets self-employed individuals and partnerships use flat rates for certain costs instead of calculating actual expenses. This guide covers all three categories and when each makes sense.

Mar 15, 20262 min read

Tax Guides

HMRC Record Keeping Requirements: What Receipts to Keep and For How Long

HMRC requires every self-employed individual, sole trader, and business in the UK to keep adequate records of their income and expenses. Getting this wrong can result in penalties of up to £3,000.

Mar 15, 20265 min read

Tax Guides

Making Tax Digital for Income Tax: ITSA Requirements and Deadlines

Guide to MTD for ITSA requirements, thresholds, digital record keeping, and quarterly submission deadlines for self-employed individuals and landlords.

Mar 15, 20264 min read

Tax Guides

Making Tax Digital Penalties: The New Points-Based System Explained

Making Tax Digital introduces a completely new penalty system replacing the old fixed fines with a points-based approach. Learn how it works with worked examples.

Mar 15, 20264 min read

Tax Guides

Making Tax Digital for Self-Employed: What You Need to Do Before April 2026

Practical step-by-step checklist for self-employed individuals preparing for Making Tax Digital implementation on 6 April 2026, with phase-based deadlines based on gross income thresholds.

Mar 15, 20264 min read

Tax Guides

Making Tax Digital Software: Best MTD-Compatible Tools for 2026

Comparison guide for MTD-compatible software options for self-employed individuals and small businesses in 2026, from full accounting platforms to bridging tools.

Mar 15, 20264 min read

Tax Guides

Making Tax Digital 2026: Complete Guide for Self-Employed and Small Businesses

Starting from 6 April 2026, self-employed individuals and landlords with gross income over £50,000 must keep digital records and submit quarterly updates to HMRC using MTD-compatible software.

Mar 15, 20267 min read

Tax Guides

Mileage Allowance HMRC: Rates, Rules, and How to Claim in 2026

If you use your personal vehicle for business in the UK, you can claim mileage allowance from HMRC. This guide covers the current rates, how to keep a proper mileage log, and when to use actual costs instead.

Mar 15, 20263 min read

Tax Guides

Self-Employed Expenses UK: Complete List of Allowable Deductions

Complete list of allowable self-employed expenses in the UK, covering every deduction category, the wholly and exclusively test, and simplified expenses.

Mar 15, 20264 min read

Tax Guides

Self-Employed National Insurance: Rates and Rules for 2026/27

Guide to self-employed National Insurance contributions in the UK, covering Class 2 and Class 4 rates, thresholds, and strategies to reduce your NI bill.

Mar 15, 20262 min read