Latest posts
Selling on Vinted or Etsy? The £1,000 Rule Is Real, the £3,000 Rule Is Not (Yet)
You have sold clothes on Vinted. You have freelanced at weekends, walked dogs, or delivered food through an app. Then a headline tells you HMRC is cracking down on side hustles, and the numbers in the next article contradict it. Three figures keep getting mixed up: £1,000, about £1,700, and £3,000. Each one does a…
Signing up for MTD Income Tax? You’ll need a phone photo-ID check now
Making Tax Digital for Income Tax starts on 6 April 2026 for sole traders and landlords with qualifying income over £50,000. If that is you, HMRC says you should sign up now. If your income is lower, check whether the £30,000 threshold catches you from April 2027. One step of the sign-up process has changed.…
November 2026 Tax Deadlines: The Seven Deadlines You Cannot Afford to Miss
November is one of the busiest months in the UK tax calendar. Seven deadlines land within four weeks, and three of them fall on weekends, which changes how you should plan your payments. This is a date-by-date run-through of what is due, who it affects, and what to do about each one. If you miss…
HMRC’s Second Wave of Tax Letters: What a Simple Assessment Means and How to Avoid Paying Twice
HMRC is sending a second wave of Simple Assessment letters between October and December 2026. If one lands on your doormat, do not ignore it, and do not pay it straight away without checking. The new letter shows your whole year’s tax bill, and it can include amounts you have already paid. This is the…
One in Three MTD Tools Still Cannot File Full Returns: What to Check Before the 7 November Update
Choosing software is the single most important decision in Making Tax Digital for Income Tax. Pick wrong and you could discover, months later, that your tool cannot actually file your tax return. Fresh analysis of HMRC’s own software list shows the scale of the trap. Of 128 products listed for property income, 44 cannot file…
Switching Your Accounting Software After Joining MTD: A Comprehensive Guide
Understanding MTD and Its Requirements HMRC introduced Making Tax Digital (MTD) to simplify tax reporting in the UK. It covers self-employed people, sole traders, and landlords. Under MTD, you must keep digital records and file tax returns through compatible software. This cuts errors and makes compliance easier. If MTD applies to you, understanding it matters.…
MTD Digital Records vs Your Normal Tax Records: What’s the Difference?
As Making Tax Digital for Income Tax (MTD for ITSA) approaches, self-employed individuals and landlords are being told they must keep “digital records.” For many, this raises an immediate, practical question: If I use software or a spreadsheet to record my income digitally, does that mean I can throw away my paper receipts and invoices?…
Streamline Your Tax Experience with iFiler: The Free MTD ITSA and VAT Solution
Introduction to iFiler for Sole Traders and Small Businesses iFiler is an innovative online platform specifically designed to meet the needs of UK sole traders, self-employed individuals, landlords, and small business owners. This intuitive tool aims to streamline the often daunting process of tax management, ensuring that users can easily navigate the complexities of their…
Making Tax Digital (MTD) 2026: The Complete Guide for UK Businesses
The UK tax system is undergoing its biggest change in decades. Making Tax Digital (MTD) is at the heart of this transformation. For businesses and sole traders, understanding MTD is no longer optional — it is essential. Compliance is not just about following the rules. Furthermore, it is an opportunity to adopt a digital mindset…
Is Your Tax Return Being Scrapped? HMRC’s 2029 Plans Broken Down
For decades, millions of UK taxpayers have used Self Assessment. They declare income, report taxes, and settle what they owe HMRC once a year. Even people who pay tax through PAYE have often needed a tax return. Freelance income, rental earnings, or investment gains must still be disclosed. From 2026, HMRC plans to reshape this…
