HMRC is retiring the once-a-year tax return for people who work for themselves. It's rolling out by income, year by year. Three quick questions and we'll tell you exactly where you stand — in plain English, no jargon.
Do you earn money working for yourself?
Freelance, self-employed, side business, or renting out property — any of it counts.
One useful email now and then as your date approaches. No spam, easy out.
Right now you tell HMRC about your year once, in one big January return. Under the new rules — the government calls it Making Tax Digital, you don't have to — you'll send a short update every three months instead, through software. You won't pay tax more often. The money dates stay the same. You'll just be reporting as you go instead of reconstructing a whole year each winter.
If you're new to working for yourself, there are three government steps nobody can do for you — not us, not any software. But we can tell you exactly what they are, so none of it is a surprise:
Everything else — the books, knowing what to set aside, the quarterly updates, the return itself — happens in WorkMade while you get on with the actual work. And you don't have to wait for HMRC's letter to start: your books can be running on day one.
This is a plain-English guide, not tax advice — the thresholds are set by HMRC and can change. © WorkMade Technologies, Inc. · Terms · Privacy · workmade.co.uk