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If you are employed, earn freelance income or receive rental income at the same time, your UK tax obligations may be more complicated than they first appear. Self Assessment allows you to declare different types of taxable income in one annual tax return. It is important to account for every relevant income source, even if…
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Moving to Making Tax Digital (MTD) for Income Tax involves much more than submitting four quarterly updates to HMRC. For sole traders and landlords within the scope of the new rules, the process starts with keeping digital records of income and expenses and ends with submitting an annual tax return and paying the tax due.…
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The first Making Tax Digital (MTD) for Income Tax deadline has passed. Sole traders and landlords within the scope of the new rules were required to submit their first quarterly update to HMRC by 7 August 2026. However, the absence of penalty points for late quarterly updates during the 2026–27 tax year does not mean…
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Moving to the UK does not necessarily mean changing your clients or sources of income. Many Ukrainians continue working remotely for Ukrainian clients, receiving payments from overseas or running a business in another country. However, the country sending you money does not automatically determine where you need to pay tax. Your UK tax residence status…
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If you are self-employed in the UK or need to file a tax return through Self Assessment, you may need a UTR (Unique Taxpayer Reference). This is a unique 10-digit tax reference issued by HMRC and used to identify you when dealing with the tax authority. You need your UTR to complete the Self Assessment…
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Earn money from freelancing, selling products online or providing services in your spare time? Even if it is not your main job, additional income in the UK may create tax obligations. This can include graphic design, social media management, tutoring, handmade products or selling goods through online marketplaces. The rules depend on the type of…
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Stopping your freelance work or no longer renting out a property does not automatically mean all your tax obligations have ended. If you are already using Making Tax Digital (MTD) for Income Tax, it is important to notify HMRC where required and establish which reporting requirements still apply. Even if you no longer receive income…
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Switching accounting software halfway through the tax year can be more complicated than it seems. Changing your software does not remove your Making Tax Digital (MTD) obligations. If you are a self-employed individual or landlord covered by the rules, you must continue keeping digital records of your income and expenses and meeting the relevant reporting…
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A GIG contract is a flexible way of working where an individual provides specific services or completes particular tasks for a company without a traditional employment contract. For example, a designer may be paid per project, a marketer for a specific scope of work, or an IT specialist on an hourly or monthly basis. In…
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If you use your own car for business journeys, you may be able to claim mileage allowance. For the 2026–27 tax year, the approved rate for cars and vans is 45p per mile for the first 10,000 business miles, then 25p per mile after that. The rate is intended to cover the vehicle’s running costs,…
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