MTD for Income Tax went live in April 2026. If you’re a sole trader or landlord earning over £50,000, you’re now required to submit quarterly updates to HMRC. Here’s what you need to know and what to do next.
Category Archives: Tax Guides
Plain English guides on UK tax topics for sole traders, company directors, landlords and small businesses.
Big news for small business owners: the government has confirmed that small companies and micro-entities will be required to file profit and loss (P&L) accounts with Companies House from April 2028. Here’s what’s changing, what it means for your business, and how to prepare. What’s Changing? From April 2028, all small companies and micro-entities registered […]
03
Jun
Jun
The 31 July payment on account deadline is weeks away. Find out what payments on account are, how much you owe, and whether you can reduce your bill — explained in plain English by Westridge Accountants.
31
May
May
What Is a P60 and Why Does It Matter? If you employ staff, 31 May is a date you should have firmly in your diary every year. That is the deadline by which all employers must provide their employees with a P60 — and missing it can result in HMRC penalties. A P60 is a […]
31
May
May
A clear guide to working from home tax relief for sole traders, employees, and limited company directors — what you can claim, how to calculate it, and what to avoid.
31
May
May
Everything construction workers, subcontractors, and contractors need to know about the Construction Industry Scheme — deduction rates, how to reclaim CIS, and monthly obligations.
31
May
May
A complete guide to setting up a limited company in the UK — how to register, your tax obligations, key deadlines, and why it could save you thousands each year.
31
May
May
A complete guide for UK landlords on rental income tax, allowable expenses, the Section 24 mortgage interest restriction, CGT on sales, and Making Tax Digital from 2026.
31
May
May
A practical guide for limited company directors on the most tax-efficient way to pay yourself — the right salary level, dividend tax rates, and rules you must follow.
31
May
May
A complete guide for sole traders and freelancers on Self Assessment tax returns — deadlines, what you can claim, payments on account, and how to avoid HMRC penalties.