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…
Articles tagged
taxes
62 articles
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…
Home Office Expenses CRA: Complete Deduction Guide for 2026
If you work from home as a self-employed Canadian — whether you are a freelancer, consultant, or small business owner…
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…
HMRC Subsistence Allowance: Meal and Travel Expense Rules
Claiming meal and subsistence expenses in the UK is more restrictive than in many other countries. HMRC applies strict rules…
VAT Record Keeping Requirements: Invoice Types and Documentation Rules
If your business is VAT-registered, HMRC requires you to keep detailed records of all VAT charged and paid. The rules…