Get the latest tax news and updates for self-employed people in the UK who are filing a Self Assessment
03 Mar 2023
It was then Chancellor George Osborne who introduced the High Income Child Benefit Charge (HICBC) in January 2013, after initially planning to withdraw Child Benefit entitlement altogether for higher-rate Income Tax payers. Now more than 10…
17 Feb 2023
There are some 1.9m freelancers in the UK and they make up about 46% of the solo self-employed population (4m). Although often supremely talented when it comes to their profession or trade, many freelancers are less…
13 Feb 2023
A record-breaking 11.7m 2021-2022 Self Assessment tax returns were filed before the midnight 31 January 2023 deadline, according to HMRC, with 861,085 filed on deadline day and 36,767 of them filed in the final hour (talk…
08 Dec 2022
Steve Flew is a self-employed oil-sector consultant who lives in the picturesque village of Boat of Garten in the Scottish Highlands. He’s married to Norwegian wife Maike and they have a small family. “I’m Welsh; originally…
06 Dec 2022
If you need to file a Self Assessment tax return, you should make sure that you report all sources of taxable income, otherwise there can be serious consequences – especially if you deliberately conceal income. Income,…
14 Nov 2022
By now you may (or may not) have heard about Making Tax Digital (MTD), the comprehensive digitisation process that’s transforming the UK tax system. It has already changed VAT reporting rules for all VAT-registered businesses and…
14 Nov 2022
If you already think you pay too much tax as a sole trader or landlord, you would probably pay significantly more if you were not allowed to claim for a wide range of legitimate business expenses…
11 Nov 2022
Turnover is vanity, profit is sanity, but cash is reality. It’s a well-known saying – but what does it mean? Well, it doesn’t matter how many sales you make or the level of margin you add.…
17 Oct 2022
How much do you know about Making Tax Digital? Not much? Doesn’t ring any bells? Well, if you’re a sole trader you should be aware of a few basic facts about Making Tax Digital and take…
11 Oct 2022
With the price of just about everything going up at the moment, many sole traders will be looking closely at their spending to try to find ways to cut costs so they can keep their cash…
Start your Self Assessment tax return today for free.
Sign up Now08 Mar 2023
03 Mar 2023
17 Feb 2023