SV&Co Tax & Business Insights
Self-Employed & MTD
Self Assessment, Making Tax Digital, CIS, expenses and payments on account.
CIS Tax Refund Guide: Why 20% Deducted Does Not Mean a 20% Refund
Quick answer If you are a registered CIS subcontractor, a contractor will normally deduct 20% from the relevant payment amount and send it to HMRC.…
Read →MTD Is Live: What Sole Traders and Landlords Need to Do Now
Quick answer If your 2024/25 tax return showed more than £50,000 of combined gross self-employment and property income, you generally entered MTD for Income Tax…
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