Salary calculator

Quarterly updates do not mean filing four full tax returns a year. That’s the single biggest misunderstanding about Making Tax Digital (MTD) for Income Tax, and it puts people off before they’ve even started.  What you actually send HMRC every three months is far simpler: a short summary of your income and expense totals, generated automatically by your software from the digital records you’ve already...

Making Tax Digital for Income Tax is one of the biggest changes to how self-employed people and landlords report their income in decades. If you file a Self Assessment tax return, there’s a good chance it will affect you at some point over the next few years — if it hasn’t already.  This guide explains what the rules are,...