In-depth guides, news, and updates regarding UK Income Tax and MTD.
Making Tax Digital for Income Tax Self Assessment – or MTD for ITSA – is the biggest change to personal tax reporting in a generation. If you're a sole trader, a landlord, or both, here's what you need to know, when it applies to you, and how to prepare without turning your admin into a full-time job.
If you've recently gone self-employed, set up a limited company, or started earning income outside of PAYE, you'll quickly encounter the term UTR. It appears on tax returns, HMRC correspondence, and payment references — yet many business owners aren't entirely sure what it is or what to do with it. This guide cuts through the noise.
Every year, millions of individuals in the UK are required to file a Self Assessment tax return with HMRC. At the centre of that process sits the SA100 – the main return form that brings together your income, reliefs, and tax position into a single document. If you're self-employed, a company director, a landlord, or simply earning above certain thresholds, this guide is for you.
If your household income has crossed a certain threshold and someone in it is claiming Child Benefit, you may already owe HMRC money without realising it. The High Income Child Benefit Charge – commonly called the HICBC or Child Benefit tax charge – has caught out thousands of higher earners since its introduction in 2013, and business owners face particular complications due to fluctuating profits, dividends, and bonuses.
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) has been through several significant revisions since it was first announced. One of the most consequential changes is the removal of the End of Period Statement (EOPS) – a step that was originally central to how the system worked, but which HMRC has since scrapped in response to feedback from businesses and agents.