Making tax digital Archives - Freelance Informer

Exclusive: “£40K tax on being employed” revealed in new report

NerdWallet reveals freelancers' earning potential in the UK. Plus, research has revealed why the move to freelance is not as risky as it used to be, and can be a smart move for those driven to fulfil their earning potential In an…

Latest changes to Making Tax Digital

The government originally planned to mandate MTD for ITSA starting in April 2024, but has since delayed the mandate to April 2026. More changes could still be on the cards Making Tax Digital for Income Tax Self-Assessment (MTD for…

HMRC: self-employed mandatory digital record keeping and quarterly reports delayed until 2026

The UK's self-employed have made a collective sigh of relief following the government's delay of mandatory digital record keeping and quarterly reports of their company's finances. The mandatory use of software is therefore being phased in…

Freelancers face £25 billion tax admin burden

The Federation of Small Businesses is calling on the Government to protect small businesses from unfair profit-seeking behaviour from Make Tax Digital (MTD) software providers and other recommendations to avoid economic hardship for…

Making Tax Digital: “not fit” for Freelancers

The 'Making Tax Digital' for Income Tax programme will be delayed from 6 April 2023 until 6 April 2024. But the basis period proposals of the programme, additional costs and not-fit-for-purpose software could make things very unattractive…