Income Tax | SA Ledgers Ltd

HMRC reminder for self-employed and landlords

by admin | Feb 19, 2026 | Income Tax

If you have not yet checked whether you need to use Making Tax Digital (MTD) for Income Tax, you should do so urgently. HMRC has issued a timely reminder that for many self-employed and landlords the way to report tax to HMRC will change significantly from 6 April...

Who needs to file a self-assessment tax return

by admin | Feb 19, 2026 | Income Tax

There are several reasons why you might need to file a self-assessment tax return. This could apply if you are self-employed, a company director, have an annual income over £150,000, or receive income from savings, investments or property. You must file a...

31 January deadline met by more than 11.48 million people

by admin | Feb 12, 2026 | Income Tax

HMRC has confirmed that more than 11.48 million people submitted their 2024-25 self-assessment tax returns by the 31 January deadline. This included 475,722 taxpayers who left their filing until the final day and almost 27,456 that filed in the last hour (between...

Car and travel costs if self employed

by admin | Feb 5, 2026 | Income Tax

If you are self-employed, it is important to understand which car and travel costs can be claimed. You can claim allowable business expenses for car, van, or travel costs, which reduce your taxable profit. Typical allowable costs include: Vehicle insurance Repairs and...

MTD for Income Tax – check if and when you need to use it

by admin | Jan 29, 2026 | Income Tax

If you have not yet checked if and when you need to use Making Tax Digital (MTD) for Income Tax, you should do so as a matter of urgency. This is because from April 2026 the way many individuals report their tax to HMRC will change significantly. MTD for Income Tax...

Basis period reform – spreading rules for payment

by admin | Jan 22, 2026 | Income Tax

If your business has transitional profits from basis period reform, spreading over five years may reduce the cash flow impact, but it is important to understand the deadlines. The self-employed basis period reform has changed the way trading income is allocated to tax...