Some taxpayers may find they receive more than one simple assessment calculation from HMRC for the same tax year. These calculations don’t always show all tax payments previously made, so they should be checked carefully to ensure that overpayments of tax are not made. In this article we explain ...

Apps which allow you to record your expenses when you are self-employed can be extremely helpful. But you should review the app-generated totals carefully before feeding them into your annual tax return. A little extra care here can prevent potentially expensive errors later. We explain what to ...

From April 2024 sole traders and partners in partnerships are being taxed on a tax year basis even if they prepare their accounts over a different period. This change is known as basis period reform (BPR).If you were affected by BPR this article explains why you may want to revisit your 2023/24 tax ...

For some universal credit claimants who are out of work, self-employment can be a route back into work, perhaps with more flexibility than some employments. But it’s not always straightforward. Confusing rules and conflicting systems mean people can unexpectedly lose benefits, face tax ...

In the run up to April 2026, HMRC have issued guidance and webinars on what will be significant changes for everyone in umbrella company supply chains, including workers. 

HM Revenue & Customs (HMRC) charge interest on late paid tax and late paid penalties. This is to compensate HMRC for the delay in payment and recognises that you have had the use of the money in the period following the due date. In very limited circumstances, HMRC might reduce or even remove ...