Confused about Director's Loan Accounts? This plain-English guide explains what a DLA is, how S455 tax works, when HMRC gets involved, and the smart ways Ltd company directors can use — and repay — a director's loan without a nasty tax bill.
HMRC is consulting on plans to make sole traders and landlords pay their tax monthly or quarterly from April 2029, based on previous year submissions. Here is what the proposal means, whether becoming a Ltd company could help, and how to prepare.
HMRC now has data on 4 million online sellers. If you earn anything on the side — from eBay, Etsy, Airbnb, or TikTok — here is what you need to declare and when.
Making Tax Digital for Income Tax is live — and the first quarterly submission deadline falls on 7 August 2026. If you are a sole trader or landlord earning over £50,000, here is exactly what you need to do before the deadline.
HMRC has issued an official one-month warning for the second Self Assessment payment on account, due 31 July 2026. If you're self-employed, a freelancer, landlord, or sole trader with a tax bill over £1,000, this deadline applies to you — and missing it carries a 7.75% interest charge.
HMRC has quietly restarted its Direct Recovery of Debts power — allowing it to take unpaid tax directly from your bank account without a court order. Here's what it means for sole traders, small businesses, and limited companies, and how to protect yourself.
The UK government's June 2026 Tax Update brings major changes for sole traders, small businesses and Ltd companies — from monthly Self Assessment via PAYE to new HMRC debt recovery powers. Here's what you need to know.
HMRC is hiring 5,500 new compliance officers as part of a £2.6 billion crackdown on the UK tax gap. Small businesses account for 60% of that gap — here's what it means for you and how to stay on the right side of HMRC.
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