All articles tagged with "Sole traders"
HMRC says it will start signing up eligible 2026/27 MTD for Income Tax users from September 2026. Learn what that means and how to get your records ready.
HMRC says businesses with a 1 April to 31 March accounting period must choose calendar update periods before their first MTD for Income Tax quarterly update.
HMRC’s 2026 guidance explains what happens when an MTD for Income Tax user starts or ceases a self-employment or property income source.
Some MTD for Income Tax exemptions are automatic and some need an application. HMRC’s current guidance explains the difference and what remains unchanged.
There is no quarterly-update late penalty in the first mandatory MTD for Income Tax year, but records, returns and payment dates still matter.
HMRC clarified in 2026 that each MTD for Income Tax quarterly update covers the tax year to date. Learn how that affects corrections and review routines.
The second 2026/27 MTD for Income Tax quarterly update is due by 7 November. Here is what to review, what to send, and what remains for year end.
HMRC’s July 2026 reminder explains when side-hustle income may need reporting, how the £1,000 trading allowance works, and the registration date for new filers.
Understand the UK Basis Period Reform starting in the 2024/25 tax year. Ensure you align your accounting dates and stop complex overlap relief calculations.
MTD for Income Tax Self Assessment (ITSA) becomes mandatory in April 2026. Find out if you meet the £50,000 threshold and how to prepare your business.