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Self-assessment

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What Expenses can I claim as a Freelancer?

Being self-employed gives you powers, but with great power comes great responsibility. As a freelancer, you will be filing your own tax return and doing your own books. Here's a guide to claimable expenses.

Business Mileage Allowance for Freelancers and Self-Employed.

Working as a freelancer and being self-employed means you are always looking for avenues to save money on your tax bill. When travelling for work purposes you should be claiming it as business mileage.

Budget 2021 (UK) - What you need to know as a self-employed freelancer

So yesterday, Uncle Rishi put out his budget (on a little dishy?) Some it was expected and some, not so expected. What it means for freelancers, self-employed and small businesses (SME)

Your Tax Return as a Gig Economy Rider in the UK

If you are a delivery rider/driver for one of the UK delivery platforms (Just Eats, Foodhub, Zomato, Deliveroo, Uber Eats) then this TAXO'D guide aims to inform you of your tax obligations on your earnings.

Basic Income Tax Guide for Freelancers and the Self-Employed

Thinking about working for yourself? Then you will need an understanding of the taxes you will pay to HMRC. Here is the TAXO'D basic guide to: Understanding Income Tax for Freelancers and the Self Employed.

MTD. Making Tax Digital. What you need to know as Freelancers

In the UK, HMRC is making UK business go digital. Making Tax Digital (MTD) requires all involved to maintain digital records and use only approved and compatible software to file tax returns.

Airbnb and the tax information you need as a host in the UK

The housing market is changing. Holiday Lets and Furnished Holiday Lettings using Airbnb are proving more profitable for landlords, but this income will still need to be declared in your self-assessment.

HMRC Government Gateway User ID and Password : Where did it go?

In March 2019 HMRC closed their online services portal - HMRC Government Gateway. Since then UK tax filers have been filing their Self Assessment tax return at the replacement system, HMRC Online Services.

TAXO'D Freebie : Freelance Invoice Template . Free Download !

Invoicing customers is just another part of going freelance and being self-employed. It's easy peasy if you have the resources. Here is a really simple invoice template FREE for you to use

HMRC are waiving penalties for late self-assessment tax returns (2021)

For the first time in the 24 year history of self-assessment, HMRC are waiving fines on personal tax returns. Payment still needs to be made by January 31st but the paperwork can be submitted by February 28

What in the what is an SA108?

If you need to inform HMRC about any tax you may own from capital gains then you will need to complete the SA108 form in addition to your main SA100 Self Assessment tax return.

What an earth is an SA106?

If you need to inform HMRC about any income from foreign sources then you will need to complete the SA106 form in addition to your main SA100 Self Assessment tax return.

What the heck is is the SA105?

If you need to inform HMRC about any income from renting out property in the UK then you will need to complete the SA105 form in addition to your main SA100 Self Assessment tax return.

What in the world is the SA103?

If you need to inform HMRC about any income from self-employment then you will need to complete either the SA103S or the SA103F form in addition to your main SA100 Self Assessment tax return.

What in hellfire is the SA102?

If you need to inform HMRC more about your employment income then you will need to complete the SA102 form in addition to your main SA100 Self Assessment tax return

What an earth is an SA101?

If you need to inform HMRC about less common types of income, a deduction or even tax relief then you will need to complete the SA101 form in addition to your main SA100 Self Assessment tax return form

What the heck is a UTR number?

If you work as freelancer / are self-employed then you will need to apply for a UTR. Which is a number assigned by HMRC to be able to complete your Self-Assessment Tax Return.

What is the SA100 form and how do I use it to file my Self Assessment tax return?

If you work as a freelancer / self-employed (and are not already using TAXO'D). Then you will need to submit a Self-Assessment Tax Return to HMRC which is done online or by post via the SA100 form.

Do I need to file a Personal Tax Return? What is Self Assessment? (UK)

If you are not employed by an employer but are receiving an income than you need to complete a Self Assessment Tax Return so HMRC can assess how much income tax and national insurance you need to pay.

Pay your Self-Assessment Tax Bill in instalments with a HMRC payment plan.

Did you know you can spread the cost of your Self-Assessment tax bill? You can pay in instalments with a HMRC payment plan.

NSESS - The Newly Self-Employed Support Scheme (2020/2021)

NSESS (Newly Self-Employed Support Scheme) is an initial one-off £3500 taxable grant and is open to sole traders or partnership individuals in Northern Ireland

Self Assessment ? 10 common mistakes when filing your Tax Return (2019/2020)

A self-assessment is a horrid affair which becomes more difficult (and costly) the later you leave it. Avoid these costly and common mistakes (and TAXO'D the taxman) when filing your tax return

Expenses, Tax Reliefs & Refunds for Self-Assessment

A self-assessment tax return (2019/2020) is a bleak affair. The good news is you can keep your tax to a minimum (and TAXO'D the taxman) by knowing your Allowable Expenses, Tax Reliefs & Refunds.

SEISS: Two more Grants! (neither played by Ross Kemp)

The Self-Employment Income Support Scheme (SEISS) is made up of four taxable Government grants for self-employed individuals. It provides critical support to the self-employed in the form of 4 grants.

Self employment income support scheme: All you need to know

In this TAXO'D blog post we cover the HMRC SEISS grant (Self Employed Income Support Scheme). Find out if you are eligible, how much money you may be entitled to and the application process.

Save HUNDREDS of £££ on your tax bill when Working From Home – in your pants

For employees, working at home is a privilege that comes with years of trying to convince your boss that you're not going to sit around all day carouselling through Netflix. But for us Freelancers..

Corona: What financial schemes are available to me?

If you are ineligible, HMRC will help you to understand why and guide you otherwise. The good news is that there are quite a few financial support schemes now available and if you need financial support...