Trading Income

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)

30 June 2025

Side hustlers urged to get tax returns sorted now
The rules around people with a side hustle and whether they need to complete a self-assessment tax return for the 2024/25 tax year

27 June 2025

Problems with self-employed National Insurance contributions - HMRC update
Class 2 National Insurance contributions and issues with 2024/25 tax assessments

13 June 2025

The use of simplified mileage rates by the self-employed: HMRC research
HMRC research exploring business usage of vehicles and simplified mileage rates

11 June 2025

Capital allowances - HMRC updates
HMRC’s updates on areas of uncertainty re capital allowances

05 June 2025

Wealthy individuals and mid-sized business tax compliance
HMRC research exploring wealthy customers’ views on links between their personal and mid-sized business tax compliance behaviours

04 June 2025

Numbers of taxpayers and registered traders
HMRC statistics related to the number of taxpayers and registered traders

02 June 2025

HMRC research on capital allowances and on the Annual Investment Allowance
HMRC research with claimants and eligible non-claimants of capital allowances and analysis of the Annual Investment Allowance

29 April 2025

Countdown to April 2026 launch of Making Tax Digital for income tax for sole traders and landlords
Making Tax Digital (MTD) for income tax. From 6 April 2026, it will be compulsory for sole traders and landlords with qualifying income in excess of £50,000 to use the MTD service to declare their income to HMRC