Quest Expedition : Self Employed? Landlord?…
Self-Employed or a Landlord? The Taxman Wants Your Money Sooner!
From April 2029, HMRC plans to change when many sole traders and landlords pay their tax. You won’t necessarily pay more, but you could have a lot less time to find the money.
This practical guide explains what’s changing, why the switch could catch people out, and how setting up a simple tax pot now can help you avoid an unpleasant surprise.
There’s also a practical work page to help you get started.
This Guide is for you if ....
- You're self-employed or a landlord and want to understand the proposed 2029 tax changes.
- You worry about finding the money when your tax bill arrives.
- You want a simple way to put tax money aside and avoid nasty surprises.
It’s probably not for you if...
- All your income is taxed through PAYE and you don't have Self Assessment payments on account.
- You're looking for ways to avoid paying tax rather than planning for it..
- You're already setting enough money aside and managing your tax payments comfortably..