Posts tagged "Sole Trader" (page 2)

Mileage Rate Rises to 55p Per Mile — First Increase in 15 Years: What UK Small Businesses and Sole Traders Must Do Now

HMRC has raised the approved mileage rate for cars and vans to 55p per mile — the first increase since 2011. Here is what UK small businesses, sole traders, and employers need to know and do before their next tax filing.

15 Jun 2026Gary Winterborne

Making Tax Digital HMRC

MTD Deadline Alert: First Quarterly Update Due 7 August — Are You Signed Up?

ICAEW is urging sole traders and landlords to sign up for Making Tax Digital for Income Tax immediately — the first quarterly update is due 7 August 2026, yet over 580,000 affected taxpayers have still not registered.

14 Jun 2026Gary Winterborne

Making Tax Digital HMRC

Making Tax Digital for Income Tax Is Now Live — Is Your Business Ready?

MTD for Income Tax came into force on 6 April 2026. If you are a sole trader or landlord with income above £50,000, you are now legally required to use compatible software and submit quarterly updates to HMRC. Here is what you need to do.

13 Jun 2026Gary Winterborne