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Making Tax Digital explained clearly for taxi drivers, delivery drivers, sole traders and landlords Many self-employed people are still unsure how the new Making Tax Digital rules will affect them, especially if their income changes from year to year. At TaxNex Ltd, we have had many drivers and sole traders asking the same question: “My earnings were over £50,000 before, but they have now dropped. Do I still need to file quarterly under Making Tax Digital?” The simple answer

Many UK company directors assume that Annual Accounts and Corporation Tax Returns are the same thing. In reality, they are two separate legal requirements, submitted to different government bodies and serving different purposes.

As HMRC systematically transitions away from traditional annual self-assessments, UK sole traders, self-employed professionals, and landlords must adapt to the new Making Tax Digital (MTD) framework. This professional guide from TaxNex Ltd breaks down the crucial phased timelines, the three mandatory pillars of digital compliance, and how the right software solutions can seamlessly protect your business from costly penalties. Keep your business MTD-ready and ahead of the curv

Published: June 2026 Category: VAT Compliance | HMRC Updates As artificial intelligence becomes increasingly popular in business operations, many UK businesses are turning to AI tools for quick answers to tax and VAT questions. While AI can be useful for general information, HM Revenue & Customs (HMRC) has recently reminded businesses that relying solely on AI-generated summaries or unofficial online advice can create serious compliance risks. VAT obligations remain the respo

Published: June 2026 Category: UK Tax Advice | Self Assessment | Business Expenses The UK government has introduced one of the most significant mileage allowance changes in over a decade. HM Revenue & Customs (HMRC) has increased the Approved Mileage Allowance Payments (AMAP) rate from 45p to 55p per mile for the first 10,000 business miles travelled in a personal car or van. For employees, sole traders, taxi drivers, couriers, delivery drivers and self-employed professionals

Running a business is exciting, but managing financial records can quickly become overwhelming. From tracking invoices and expenses to preparing for tax deadlines, bookkeeping plays a critical role in keeping your business organised and compliant. Professional bookkeeping services help business owners save time, reduce stress, and make smarter financial decisions. At TaxNex, we provide reliable and affordable bookkeeping services tailored for freelancers, sole traders, startu

Managing payroll in the UK is more than just paying employees on time. It involves strict HMRC regulations, accurate calculations, real-time reporting, and ongoing compliance responsibilities. For many employers—especially small and growing businesses—payroll and RTI submissions can quickly become complex, time-consuming, and risky if handled incorrectly. This guide explains everything UK employers need to know about payroll and Real Time Information (RTI) submissions , why a

Keeping business finances organised is a challenge for many small business owners. This case study shows how TaxNex’s online accounting services help businesses simplify financial management, improve accuracy, and stay compliant with HMRC requirements—without unnecessary complexity.

Tax for Taxi Drivers in the UK: Complete HMRC Tax Guide

Published by TaxNex Ltd — December 2025 The UK’s ongoing digital transformation of tax reporting reaches a major milestone next year with the phased introduction of Making Tax Digital for Income Tax (MTD for ITSA) . If you are a sole trader, landlord, or have mixed self-employment and property income , this change will affect how you keep records and report income to HMRC. Now is the right time to prepare. In this guide, we explain what’s changing , who is affected , when it