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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.

February 25, 2021

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.

February 19, 2021

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

February 19, 2021

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.

February 19, 2021

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.

February 19, 2021

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.

February 19, 2021

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.

February 19, 2021

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

February 19, 2021

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

February 19, 2021

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.

February 19, 2021

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.

February 19, 2021

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.

February 19, 2021

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.

February 24, 2021

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

February 19, 2021

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

February 19, 2021

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.

February 19, 2021

How to make money during COVID19 (part 1)

Make Money form Home. Legitimate ways to make enough money to live on, working from home during Lockdown.

February 19, 2021

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..

February 19, 2021