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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Being below the £50,000 threshold today could give you the impression that Making Tax Digital is someone else’s problem. But the threshold is moving — and it is moving down. From 6 April 2027, the qualifying income threshold will fall to £30,000, meaning some people who are currently outside MTD will have to start using…
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Working for a company based outside the UK does not automatically mean your employment income is taxed outside the UK. If you are UK tax resident, you will normally pay UK tax on your foreign income. Your tax residence is determined under the UK Statutory Residence Test and is based on factors including the number…
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Having a full-time job does not automatically mean you are outside Self Assessment. Your employer may already deduct Income Tax from your salary through PAYE, but HMRC also looks at income you receive from other activities. A weekend side job, freelance work, online content, or income from renting out property can create a separate tax…
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Think you are outside Making Tax Digital because your business does not make £50,000? It may not be that simple. For MTD, HMRC looks at qualifying income — your gross income from self-employment and property before expenses, rather than your profit after costs. If you have several sources, they can be combined. For example, £27,000…
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If you were expecting to register for Making Tax Digital when you had more time, there is an important change to know about. From September 2026, HMRC has started signing up sole traders and landlords who are required to use MTD but have not registered themselves. The process is happening in stages, and HMRC will…
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Starting as self-employed in the UK comes with a few tax surprises that are easy to miss. For example, a business expense is not automatically allowable just because you paid for it while working. The rules can be more specific, particularly for costs such as working from home, travel, meals and equipment. Another common trap…
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Making Tax Digital is bringing major changes to how many self-employed people manage their tax, but there are still plenty of misconceptions about what MTD actually requires. One common myth is that MTD replaces the Self Assessment tax return — it does not. Quarterly updates provide HMRC with information throughout the year, but an End…
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