Category: Self-Employed Tax
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Keeping in Touch Days: Essential Rules for Self-Employed Mums
If you are self-employed and receiving Maternity Allowance, you do not necessarily have to stop working completely when your baby arrives. You can work for up to 10 keeping in touch days (KIT days) during your Maternity Allowance period without losing your entitlement to the allowance for those days. This is particularly useful if you…
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Let Property Campaign: How to Declare Undeclared Rental Income to HMRC
If you have received rental income from a property but have not declared it to HMRC, you might be worried about what could happen next. Perhaps you have been renting out a property for several years, recently inherited a house, or simply did not realise that rental income needed to be reported on a Self…
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Paternity Leave Self Employed UK: 7 Essential Facts to Know
Becoming a parent is an exciting time, but if you work for yourself, you might be worried about losing income when your baby arrives. Unlike employees, self-employed people do not usually receive paid time off from an employer, so planning ahead is particularly important. Understanding paternity leave self employed UK rules can help you decide…
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MTD Penalty: Making Tax Digital Penalties and Points System Explained
Making Tax Digital (MTD) is changing how self-employed people and landlords report their income to HMRC, and understanding the mtd penalty rules is important if you want to avoid unnecessary fines. Instead of relying entirely on an annual Self Assessment tax return, people who fall within the new requirements must use compatible software to keep…
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Self-Employed Mortgage UK: 7 Barriers to Beat
Getting a mortgage when self employed can be challenging because mortgage lenders need to understand your income, check whether you can afford the repayments and decide whether your earnings are likely to remain stable in the future. Unlike employees who receive regular payslips, self-employed people often have changing monthly income, business expenses and profits that…
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HMRC One Login, Government Gateway ID and HMRC Personal Tax Account Explained
If you need to check your tax records, submit a Self Assessment tax return or contact HMRC online, you will usually need an account to access its digital services, and with the introduction of GOV.UK One Login, some people are now seeing a new way to sign in instead of using their familiar Government Gateway…
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HMRC Making Tax Digital £30,000 Threshold and Quarterly Deadlines
Making Tax Digital (MTD) for Income Tax is changing how self-employed people and landlords report their income to HMRC. If you earn more than £30,000 a year from self-employment or rental property, you may need to start using Making Tax Digital from April 2027. Instead of keeping all your records until the end of the…
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P800 Tax Refund: What It Is and How to Claim Your Money Back
If you have paid too much Income Tax through your wages or pension, you may be entitled to a tax refund from HMRC. You might receive a letter called a P800 telling you how much tax you have overpaid and explaining how to get your money back. In this guide, we explain what a P800…
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MTD for CIS Subcontractors: What You Need to Know
Making Tax Digital (MTD) is changing the way many self-employed people in the UK keep their business records and report their income to HMRC, and if you work in construction as a CIS subcontractor, you may need to change the way you manage your accounts, even if a contractor already deducts tax from your payments…
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When and How You Must register for mtd for income tax
Making Tax Digital (MTD) for Income Tax is a major change to the way self-employed people in the UK report their income and expenses to HMRC, and if you run your own business, work as a freelancer or earn money from property, it is important to understand whether the new rules apply to you and…
