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What sole traders can claim against HMRC: the wholly-and-exclusively test, simplified flat-rate expenses, the costs people forget, and the ones that simply aren't allowable.
If you sold a few hundred pounds of unwanted clothes online last year, you almost certainly owe HMRC nothing — but
National Insurance builds your entitlement to the State Pension and several other benefits — but the classes, thresholds, and credits system is more complex than most payslips suggest. Here's how it actually works.
New traders, landlords and side-income earners must register for self-assessment with HMRC by 5 October 2026.
Millions of self-employed taxpayers will pay HMRC on 31 July a bill based on last year's profit — even if this year's is lower. You can change that.
There is a tax break worth £252 a year that around two million eligible UK couples never claim, and it
Child Benefit is worth £2,074 a year for two children — but one earner above £60,000 triggers a charge that claws it back. Here's the calculation, why it's still usually worth claiming, and how pension contributions can eliminate the charge entirely.
The ISA is the most useful tax shelter most UK savers have, and the rules are simpler than they look. Here's how the £20,000 allowance works and which ISA suits you.
MTD for ITSA is live from 6 April 2026 above £50k. Five housekeeping moves before summer that prevent January 2027 panic and the 60% marginal tax trap on the £100k-£125k band.
The first quarterly submission under Making Tax Digital for Income Tax is due 5 August 2026. Here is the work most UK sole traders still have not done — and the £100 penalty waiting on the other side.
The annual CGT exemption fell to £3,000 from April 2026 — but the change everyone missed was the simultaneous tightening of trading vs investing rules for resellers. eBay flippers, Vinted closet-clearers, even concert-ticket resellers are now in HMRC's CGT crosshairs.
Most self-assessment filers know January 31 is the deadline. What changed quietly in the 2025/26 cycle is the new September process for higher-rate taxpayers — and missing it triggers penalties before most people realise they were supposed to file.