Making Tax Digital for Income Tax (MTD ITSA)
Posted on February 20, 2026A Guide for Sole Traders and Landlords in Darlington and the North East Making Tax Digital for Income Tax (MTD ITSA) is one of the biggest changes to the UK Self Assessment system in recent years. From April 2026, many sole traders and landlords acros More...
2022/2023 Tax Year – What do I need to know?
Posted on March 10, 2022An overview of the changes to the tax rules for the coming tax year. Personal Allowance, National Insurance and Employment Allowance The personal allowance is remaining at £12,570, and the higher rate tax threshold is remaining at £50,270. Fro More...
£1,000 trading allowance
Posted on May 17, 2018For 2017/2018 the trading allowance is £1,000, this is an exemption for small trading activities. For example this allowance is for teachers who do a small amount of tutoring on the side If your income is under £1,000 there is no income tax to pa More...
How to reclaim subcontractor’s CIS as a limited company
Posted on May 17, 2018Are you a limited company subcontractor that hasn’t be able to offset your Construction Industry Scheme (“CIS”) deductions against your PAYE liabilities in the year? Do you need to reclaim a repayment? HMRC has introduced a new Repayment iF More...
Five Common Errors in applying the National Minimum Wage (“NMW”)
Posted on May 17, 2018HMRC are currently putting a lot of time and effort into targeting minimum wage errors so it is worth ensuring you are paying the minimum wage correctly. Industries which often have an issue with the minimum wage are: Retail Food More...
