Making Tax Digital for UK micro businesses: what you need to know (and when)
MTD for Income Tax is coming for UK micro businesses, find out when your income threshold applies, what quarterly updates…
Tax guides for UK self-employed workers and sole traders. Making Tax Digital, HMRC record keeping, allowable expenses, mileage allowance, National Insurance, VAT, and working from home relief.
MTD for Income Tax is coming for UK micro businesses, find out when your income threshold applies, what quarterly updates…
Making Tax Digital (MTD) is the biggest change to the UK tax system in a generation. Starting from 6 April…
If you are self-employed in the UK with gross income over £50,000, Making Tax Digital for Income Tax starts on…
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is the specific branch of MTD that applies to…
Making Tax Digital requires you to use compatible software to keep digital records and submit quarterly updates to HMRC. With…
Making Tax Digital introduces a completely new penalty system - replacing the old fixed fines with a points-based approach. Understanding…
HMRC requires every self-employed individual, sole trader, and business in the UK to keep adequate records of their income and…
If you use your personal vehicle for business in the UK, you can claim mileage allowance from HMRC. The approved…
As a self-employed person in the UK, you pay National Insurance contributions (NICs) alongside income tax. Understanding the different classes,…
As a self-employed individual or sole trader in the UK, you can deduct allowable business expenses from your income before…
If you work from home as a self-employed individual in the UK, you can claim tax relief on a portion…
HMRC’s simplified expenses scheme lets self-employed individuals and partnerships use flat rates for certain costs instead of calculating actual expenses.…