One of the most effective ways to reduce your tax bill as a sole trader is to claim all the business expenses you're entitled to. Yet many self-employed people either miss expenses they could … [Read more...] about What Expenses Can Sole Traders Claim?
Scotland
MTD for Income Tax — What Sole Traders Need to Do Now
Making Tax Digital for Income Tax (MTD for IT) is no longer on the horizon — it's here. If you're self-employed or a sole trader, this change affects how you report your income to HMRC. Here's what … [Read more...] about MTD for Income Tax — What Sole Traders Need to Do Now
Scottish Tax Rates for 2026-2027
Key Update for Scottish Taxpayers 1. Income Tax Rates (Scotland 2026/27) If you are a Scottish taxpayer, you pay Scottish Income Tax on earnings. Note that UK rates still apply to savings … [Read more...] about Scottish Tax Rates for 2026-2027