Trading Income

11 December 2025

Making Tax Digital (MTD) for income tax and cessation of a business
MTD for income tax - HMRC’s responses regarding the interaction between cessation of a business and MTD reporting obligations, and more questions raised

04 December 2025

Transfer a business out of a company
What company owners need to do to disincorporate a company

02 December 2025

Autumn Budget 2025 consequences - the increase in dividend tax rates
The consequences for the incorporation decision of the increase in dividend tax rates

26 November 2025

Incorrect Class 2 NICs charges - a further update
Issues with Class 2 National Insurance Contributions (NICs), which are expected to be fixed shortly

14 November 2025

HMRC urging side hustlers to check if they need to submit a tax return
Whether side hustlers selling festive items need to tell HMRC online if their earnings exceed Ł1,000 a year

11 November 2025

HMRC research to understand social media content creators
HMRC’s report which presents the findings of exploratory research to provide an understanding of social media content creators and how they can be supported to get their tax right

05 November 2025

Capital allowances relevant to the financial services industry - an introduction
The basis of capital allowances relevant to the financial services industry

05 November 2025

HMRC letters regarding Making Tax Digital
Making Tax Digital (MTD) for income tax - HMRC’s letters to taxpayers

28 October 2025

Self-employment v employment
The Resolution Foundation’s proposals on how the self-employed should be taxed

21 October 2025

The Low Incomes Tax Reform Group (LITRG) recommends the State Pension is given its own PAYE scheme
The Low Incomes Tax Reform Group (LITRG) has called on the Treasury to make it easier for state pensioners to pay any tax they owe

01 October 2025

Digitally excluded taxpayers urged to consider Making Tax Digital exemption
Making Tax Digital (MTD) for income tax. Taxpayers who can’t manage their tax affairs online and are due to start using MTD are urged to check whether they can claim an exemption from the initiative, which launches in six months’ time

30 September 2025

Gig workers and the 5 October tax deadline
The Low Incomes Tax Reform Group (LITRG)’s reminder that gig workers and side hustlers need to check if they need to complete a self-assessment tax return for the 2024/25 tax year and register with HMRC by the 5 October deadline, if necessary

23 September 2025

Incorrect Class 2 NICs charges - an update
Issues with Class 2 National Insurance Contributions (NICs), which are expected to be fixed shortly

22 September 2025

Tax relief for personal pension contributions (self-employed) - a case study
The criteria for tax relief to be given for a self-employed individual paying into a personal pension and how that tax relief works

04 September 2025

HMRC change of approach regarding MTD exemptions
Exemptions from Making Tax Digital (MTD) for income tax - HMRC’s change in approach

21 August 2025

MTD business population statistics
Making Tax Digital. Statistics on the business population that will be impacted by the introduction of Making Tax Digital for income tax (MTD)

06 August 2025

HMRC update MTD software options page
Making Tax Digital. Following feedback, HMRC have now updated the software option page for Making Tax Digital for income tax (MTD)