Making Tax Digital for Income Tax introduces new reporting requirements for many sole traders and landlords. Below are answers to some of the most common questions about MTD, including who it applies to, what records must be kept, and how quarterly reporting works.
If you're new to Making Tax Digital, you may also find our MTD timeline, our short guide to MTD for Income Tax, and our MTD preparation checklist helpful.
Making Tax Digital for Income Tax will change more than how often you file. From 2026, sole traders and landlords will need digital records, regular reviews and a new rhythm of tax compliance.
Thinking of registering for VAT before you hit the £90k threshold? Voluntary VAT registration can help cash flow and boost credibility, but it’s not always the right move. Here’s what UK small businesses need to know before making the call.
Thinking of registering for VAT before you hit the £90k threshold? Voluntary VAT registration can help cash flow and boost credibility, but it’s not always the right move. Here’s what UK small businesses need to know before making the call.
Thinking of registering for VAT before you hit the £90k threshold? Voluntary VAT registration can help cash flow and boost credibility, but it’s not always the right move. Here’s what UK small businesses need to know before making the call.
Every business, particularly small businesses, has at least one employee who is vital to on going success of that...
Are you aware that there are a group of 7 Corporation Tax reliefs that apply specifically to the creative industries?
Inheritance Tax (IHT) may well be the greatest amount of tax that you and your family will ever pay. Yet most people do nothing about it and just leave their executors to pay after they are gone.
Cashflow is the lifeblood of any small business, but especially for creative businesses that often deal with...
2022 will continue to see businesses competing to retain and attract talent. However, after two years of Covid...
