When you sell an asset for more than you paid for it, you may need…
Category: Self-Assessment & Income Tax
Guides and tips on completing your Self Assessment tax return and understanding income tax rules.
What is a self-employed UTR number – and why you need one
If you’ve recently gone self-employed or you’re thinking about it, you’ve probably heard people mention…
Self assessment for directors: What you need to know
Why are directors asked to file Self Assessment? If you’re a director, you may have…
UTR number for Freelancers and Side Income in the UK (2025 Guide)
If you’ve started freelancing, taken on contract work, or begun earning money from a side…
How to avoid late filing penalties on self assessment
Missing the Self Assessment deadline can turn into an expensive mistake. HMRC is strict about…
How to report employment income on self assessment
When you’re employed in the UK, your employer normally deducts tax through PAYE. But if…
Step-by-step guide to filing your first self assessment
If you’re self-employed, a sole trader, or earning income outside PAYE, you’ll need to complete…
CIS refunds explained: How to claim back tax as a subcontractor
Working under the Construction Industry Scheme (CIS) often means you’ve had more tax deducted than…
Penalties for Late Self Assessment: What You Need to Know
Missing the Self Assessment deadline can be an expensive mistake. Even if you don’t owe…
MTD checklist for self-employed workers: What you need before April 2026
Making Tax Digital (MTD) is coming – and if you’re a self-employed worker, CIS subcontractor,…