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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
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
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.
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.
Earning between 100,000 and 125,140 in the UK in 2026/27? Your marginal tax rate is 60% — and over 100% if you use funded childcare. The honest guide to the trap, and four HMRC-approved escapes.
Most UK small businesses dodge VAT registration until HMRC forces the issue. Sometimes that is the wrong call. The 2026/27 guide to voluntary registration, the Flat Rate Scheme, and the Limited Cost Trader trap.
The CGT allowance is now £3,000 — here is how the 2026/27 rules work and how Bed and ISA still protects ordinary UK investors from HMRC.
Pension tax relief is generous until it isn't. A working guide to the tapered annual allowance, salary sacrifice and the traps catching high earners.