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What is “Making Tax Digital”?

Making Tax Digital (MTD) was first announced in 2015 by the UK government as a transformative, modern approach to the traditional tax system, including Income Tax Self Assessment (ITSA).

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  • AbraTax Team
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How to Send a Successful VAT Return

Thanks to HMRC's Making Tax Digital initiative, filing your VAT Return has taken a digital turn... Here is a step-by-step guide to help ensure seamless compliance!

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  • AbraTax Team
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Top Tips for Financial Record-Keeping

Maintaining comprehensive financial records is essential for a number of reasons, including budgeting, planning, and applying for loans and investments...

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  • AbraTax Team
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Juggling Tax: A Guide for Side Hustlers

The thought of submitting tax for your side hustle might feel overwhelming – but it doesn’t have to be...

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  • AbraTax Team
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Top 5 Side Gigs to Increase Wealth

The Covid-19 pandemic has left many of us questioning our financial stability, but it’s not all doom and gloom: side gigs are becoming an ever-more-viable solution to augmenting your income...

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  • AbraTax Team
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Planning for VAT: Budgeting Tips for Businesses

Understanding and properly planning for Value Added Tax (VAT) is crucial for any business operating in the United Kingdom...

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  • AbraTax Team
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Top 7 VAT Errors: How to Avoid Them

In the hustle and bustle of running a business, it's easy to overlook the finer details – especially when it comes to the nitty-gritty of taxation...

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  • AbraTax Team
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Turn Your Hobby into Extra Income

In today’s competitive and fast-changing economy, we often find ourselves compromising between passion and profit... but what if we could enjoy our hobbies as profitable income?

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  • AbraTax Team
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Top 5 Self Assessment Errors: How to Avoid Tax Problems

In this article, we narrow down our top 5 common mistakes made when filling in your Income Tax Self Assessment (ITSA)...

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  • AbraTax Team