If you drive your car for business reasons, you can claim business mileage as an expense on your tax return. Grab a copy of my easy-to-use FREE BUSINESS MILEAGE LOG TEMPLATE and learn how to keep track of your business travel.
Are you feeling confused by all the information out there on self-employment tax? In this section, you’ll find guides to help you understand what taxes you’ll pay, when you’ll pay them and the forms you need to fill in along with the top ways to minimise your tax liability.
- How Self-Employment Tax Works
- Tax When You’re Employed and Self-Employed
- Claiming Self-Employed Expenses
- Should I Pay Class 2 NICs Voluntarily?
- HMRC Payments on Account Explained
From 1 January 2024, new rules mean HMRC will see how much people are making on digital platforms like Etsy & Uber. Learn what they can see & what it means for online sellers
An overview of side hustle tax in the UK. Learn what tax you’ll pay, how to work out what you owe and who to pay it to.
The starting rate for savings lets many UK individuals earn up to £5,000 in savings interest without paying tax on it. Check if you’re eligible and how the £5,000 is tapered for those earning more than others.
Learn about the 40% tax bracket, how much you can earn before paying it and ways to avoid falling into the higher rate tax band.
The approved HMRC mileage rates 2023-24 that you can claim if you use your personal vehicle for business reasons.
How the UK tax brackets work and how you pay income tax on your taxable income across different tax bands (including if you’re self-employed).
The UK personal allowance is set at £12,570 for 2023-24. Here’s how it works, how to claim it and how it is clawed back from higher earners.
Here are the Scottish income tax bands and thresholds for the tax year 2023-24 which affect individuals resident in Scotland.
Client entertainment is not a tax-deductible expense if you’re a sole trader (or even if you formed a Limited Company). Unfortunately, after many years of business owners abusing their deductions and putting through personal entertainment costs as a business expense, HMRC has taken the approach to make all client entertainment a disallowable expense. In addition, …