Making Tax Digital 2026: Complete Guide for Self-Employed and Small Businesses
Making Tax Digital (MTD) is the biggest change to the UK tax system in a generation. Starting from 6 April…
Articles tagged
HMRC
14 articles
Making Tax Digital for Self-Employed: What You Need to Do Before April 2026
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: ITSA Requirements and Deadlines
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is the specific branch of MTD that applies to…
Making Tax Digital Software: Best MTD-Compatible Tools for 2026
Making Tax Digital requires you to use compatible software to keep digital records and submit quarterly updates to HMRC. With…
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. Understanding…
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…
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. The approved…
Self-Employed National Insurance: Rates and Rules for 2026/27
As a self-employed person in the UK, you pay National Insurance contributions (NICs) alongside income tax. Understanding the different classes,…
Self-Employed Expenses UK: Complete List of Allowable Deductions
As a self-employed individual or sole trader in the UK, you can deduct allowable business expenses from your income before…
Working from Home Tax Relief UK: Flat Rate vs Actual Costs
If you work from home as a self-employed individual in the UK, you can claim tax relief on a portion…
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.…
Capital Allowances UK: Annual Investment Allowance and Writing Down Allowances
When you buy equipment, vehicles, machinery, or other assets for your business, you generally cannot deduct the full cost in…