HMRC updates for sole traders
Sole traders report business and personal tax on one Self Assessment return. Updates here cover allowable expenses, Class 2 and Class 4 National Insurance, VAT registration thresholds and the annual filing cycle.
July 2026
- Guidance updateSelf-employedSole trader
HMRC videos and webinars for Making Tax Digital for Income Tax
HMRC has published a collection of videos and webinars to help sole traders and landlords prepare for Making Tax Digital (MTD) for Income Tax, covering.
- DeadlineSelf-employedSole trader
First Making Tax Digital quarterly update deadline is 7 August 2026
Sole traders and landlords earning over £50,000 must submit their first Making Tax Digital (MTD) for Income Tax quarterly update by 7 August 2026.
- Guidance updateSelf-employedSole traderLtd director
HMRC updates list of approved Self Assessment software suppliers
HMRC has updated its guidance on commercial software suppliers that can be used to submit Self Assessment tax returns, supplementary pages and attachments.
- Guidance updateSelf-employedSole traderLtd director
How to submit your tax return using Making Tax Digital for Income Tax
HMRC has updated guidance on completing and submitting Self Assessment returns through Making Tax Digital (MTD) for Income Tax software.
- Rule changeSelf-employedSole traderLtd director
New Capital Gains Tax rules for cryptoasset loans and liquidity pools
HMRC has introduced new rules that defer Capital Gains Tax on certain cryptoasset transactions involving loans and liquidity pools until an economic disposal.