Missing an HMRC Self Assessment deadline results in automatic penalties — even if you don't owe any tax. This guide covers every key tax deadline for 2025/26, including the 31st January filing deadline, payment on account dates, and how Accounted4Tax ensures you never pay an unnecessary fine.

Started working for yourself? You must register as self-employed with HMRC and get a UTR number before you can file your first Self Assessment tax return. This step-by-step guide explains exactly how to register, what deadlines to meet, and how Accounted4Tax can handle everything for you.

Most CIS construction workers are overtaxed at source by their contractors — and are owed a significant rebate from HMRC. Our average CIS client gets £2,500 back. This guide explains how CIS tax works, what expenses you can claim, and how Accounted4Tax gets you the maximum refund.

If you receive rental income in the UK — from a buy-to-let property, Airbnb, or lodger — you must declare it to HMRC via a Self Assessment tax return. This guide explains what landlords must report, what expenses you can claim, and how Accounted4Tax helps landlords pay only the tax they actually owe.

Making Tax Digital for Income Tax is mandatory from April 2026 for sole traders and landlords earning over £50,000. This guide explains what MTD means, who it affects, what software you need, and how Accounted4Tax makes the switch completely stress-free — from registration to quarterly submissions.

What is a Unique Tax ID? A unique tax id is a specific identifier assigned to individuals and businesses by HMRC. It helps to distinguish taxpayers and ensures that all tax-related information is accurately recorded and processed. This identifier is essential for filing tax returns, paying taxes, and communicating with HMRC. The unique tax id can take different forms depending on the taxpayer's status: For employees : It is often the National Insurance Number (NINO). For sole

When dealing with taxes in the UK, you might come across the term UTR number . But what exactly is it, and why is it important? This guide will help you understand what a UTR number is, how to find it, and why it matters for your tax affairs. Whether you are self-employed, a company director, or simply need to file a tax return, knowing about your UTR number is essential. What Is a UTR Number and Why Do You Need It? A UTR number stands for Unique Taxpayer Reference. It is a

Filing your Self Assessment tax return doesn’t have to be stressful—if you’re prepared. Whether you’re self-employed, a landlord, a company director, or juggling multiple income streams, knowing what information to gather is half the battle. Here’s your go-to guide for what you’ll need to file accurately and confidently. Essential Information for Filing Before diving into the different types of income, make sure you have the following essential details: Unique Taxpayer Refer

Myth 1: “HMRC Pays You Back for Expenses” This is one of the most common misconceptions. HMRC does not reimburse you for business expenses. Instead, expenses reduce your taxable profit , which in turn lowers the amount of tax you owe. Think of it like this: You earn £30,000 in business income. You have £5,000 in allowable expenses. You’re only taxed on £25,000 , not £30,000. So while you don’t get a rebate for the £5,000, you pay less tax because your profit is lower. Myth

Filing your Self Assessment tax return might feel like a once-a-year chore—but if it’s rushed, incomplete, or based on patchy records, the consequences can be far more serious than a missed deadline. From HMRC penalties to lost tax relief, poor record-keeping and missing receipts can turn a simple mistake into a costly headache. Let’s break down the risks—and how to avoid them. The Risks of Incorrect or Incomplete Tax Returns Submitting a tax return with missing income, over

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