Making Extra Money? Self Assessment Expenses and Side-Income Rules for Sole Traders
A weekend freelance project, online side business or extra job can increase your income, but it can also make your tax position less straightforward. Two questions usually follow: Do I need to tell HMRC about this extra income? And if I am self-employed, which business expenses can I claim? For sole traders, qualifying business costs […]
Self Assessment Deadline Approaching? Dates, Penalties, Payments and Documents You Need
The Self Assessment process does not end when you complete your tax return. You must also submit it by the correct deadline, understand what you owe and ensure that your payment reaches HMRC on time. For the 2025/26 tax year, most people filing online must submit their return and pay the tax due by 31 […]
Do You Need to Register for Self Assessment? A Clear UK Guide for First Time Filers
Starting a business, earning money from a side activity or receiving income outside your salary can create a question that many new taxpayers ask: Do I need to register for Self Assessment? The answer depends on the type of income you received, how much you earned and whether HM Revenue and Customs can collect the […]
