Author: Wojciech
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What is a tax position document?
A tax position document is a written record that explains and justifies your specific tax situation. Think of it as a “defence file” or a formal explanation of why you (or your business) have calculated and paid a certain amount of tax to HM Revenue & Customs (HMRC). It acts as a bridge between your…
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Does Making Tax Digital affect ltd companies?
As of 2026, Making Tax Digital (MTD) for Corporation Tax has been officially cancelled by the government. This means limited companies do not have to worry about the new quarterly reporting rules that were once planned for their annual tax returns. However, limited companies must still follow MTD rules for VAT if they are registered.…
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Does Making Tax Digital affect CIS?
Making Tax Digital (MTD) definitely affects you if you are a self-employed subcontractor under the Construction Industry Scheme (CIS). While it doesn’t change how your contractor takes tax off your pay (the 20% or 30% deduction), it completely changes how you report that income to HMRC. Instead of sending one tax return at the end…
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Can your accountant call HMRC on your behalf?
Yes, your accountant can absolutely call HMRC on your behalf! However, they cannot do it automatically. Because your financial details are strictly confidential, you must first give HMRC official permission to speak to your accountant. This process is known as “authorising an agent.” Why Can’t They Just Call Right Away? HMRC has strict rules to…
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What does Making Tax Digital mean for landlords?
For UK landlords, Making Tax Digital (MTD) means the end of the traditional once-a-year paper or online Self Assessment tax return. Instead, you will be required to keep digital records of your rental income and expenses and send electronic updates to HMRC every three months. While the way you report your income is changing, the…
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How to choose a digital accountant for Making Tax Digital compliance?
If you want to know how to choose a digital accountant for Making Tax Digital compliance, here is the exact checklist you need: Why is Making Tax Digital Happening? If you are self-employed in the UK, you have probably heard the rumblings about Making Tax Digital for Income Tax Self Assessment (ITSA). The days of…
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Can I share my Government Gateway ID?
You must never share your Government Gateway user ID and password with anyone. This includes your accountant, tax agent, business partner, or family members. Handing over your login details goes against HMRC rules and puts your personal data at serious risk. When you are self-employed in the UK, you already juggle a million different tasks.…
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MTD first submission date?
The very first submission deadline for Making Tax Digital (MTD) for Income Tax is 7 August 2026. Here is a simple breakdown of what this means for you and your business. Making Tax Digital Has Arrived: What You Need to Know If you are self-employed or a landlord in the UK, the way you report…
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Is Making Tax Digital the same as self-assessment?
Making Tax Digital (MTD) is not the same as Self-Assessment. Instead, Making Tax Digital is the new, upgraded system that is replacing the traditional annual Self-Assessment tax return for many UK sole traders and landlords. While the actual tax rules and how much you owe remain exactly the same, MTD completely changes how and when…
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Do you have to pay for Making Tax Digital software?
No, you do not have to pay for Making Tax Digital (MTD) software. While there are plenty of paid options on the market, there are genuinely free ways to meet HMRC’s new rules without adding another monthly bill to your self-employed business expenses. If you are a sole trader, freelancer, or landlord in the UK,…