Jerelyn Aglibao

With Making Tax Digital (MTD) for Income Tax now rolling out from April 2026, one of the biggest changes for sole traders and landlords is the requirement to submit quarterly updates. If you’re wondering What exactly do I need to do every 3 months? you’re not alone. At DUO Accountants, we’re here to make this simple, stress-free, and easy to understand. What Are Quarterly Updates? Quarterly updates are regular reports you send to HMRC every 3 months showing your business income and expenses....

The new UK tax year begins 6 April 2026 , and for many individuals and business owners, this marks a major shift in how tax is reported and managed. At the centre of this change is Making Tax Digital for Income Tax (MTD for IT)  — one of the biggest transformations to the UK tax system in decades. If you’re a sole trader or landlord, this is something you can’t afford to ignore. Let’s break it down below. What is Making Tax Digital (MTD)? Making Tax Digital  is a government initiative led by...

What expenses can a sole trader claim in the UK? Sole traders in the UK can claim allowable business expenses to reduce their taxable profit. These are costs that are wholly and exclusively for business purposes, such as office costs, travel expenses, equipment, marketing, professional services, and business insurance. These rules are set by HM Revenue & Customs.