5 articles
Practical guides on mtd and compliance for UK contractors and PSC directors.
MTD and Compliance
Almost every PSC director must file a Self Assessment tax return, even when PAYE has already been deducted from their salary. This guide covers exactly who must file, what income belongs on the return, the key deadlines and the payments-on-account system, and the most common mistakes limited-company contractors make.
MTD and Compliance
VAT registration is compulsory once your taxable turnover exceeds £90,000 in any rolling 12 months, but many contractors register voluntarily well below that threshold. This guide covers the compulsory and voluntary tests, what the frozen thresholds mean in practice, and the Making Tax Digital for VAT obligations that apply once you are registered.
MTD and Compliance
The VAT Flat Rate Scheme sounds appealing, pay a single percentage of your VAT-inclusive turnover and keep the difference. For most labour-only contractors, the 16.5% limited-cost trader rate closes that gap almost entirely. This guide explains the registration thresholds, how the limited-cost test works each period, and when the FRS is genuinely worth using.
MTD and Compliance
Making Tax Digital for Income Tax mandates digital records and quarterly updates for sole traders and landlords, phased in from 6 April 2026. The single fact most contractors get wrong is that a limited company director on salary and dividends is generally outside it, while a sole-trader freelancer over the income threshold is in. This guide sets out exactly who is caught, when, and what to do.
MTD and Compliance
The VAT flat rate scheme (FRS) promises simpler bookkeeping and the chance to pocket the spread between the rate you charge and the rate you pay. For most limited-company contractors, however, the 2017 limited-cost-trader rule closed that gap almost entirely. This guide works through the decision: who the FRS can still benefit, who it will cost money, and how voluntary registration fits into the picture.