Tax Hacks 2026: Hidden Self Assessment Exemptions UK Sole Traders Miss That HMRC Still Allows | MTA

Many UK sole traders overpay tax simply because they are unaware of legitimate Self Assessment exemptions still available in 2026. In this video, MTA (My Tax Accountant) explains how UK sole traders can identify and unlock overlooked exemptions, reliefs, and allowances within the Self Assessment system, without crossing HMRC compliance lines.

MTA breaks down where sole traders commonly miss exemptions in 2026, including expense treatment, income thresholds, timing issues, and reporting decisions that can legally reduce tax exposure. With HMRC’s increased data matching and automated checks, understanding how exemptions work correctly is now essential for staying compliant while optimising your tax position.

This video is tailored exclusively for UK taxpayers and reflects real Self Assessment cases MTA (My Tax Accountant) handles for sole traders across multiple industries. We explain why relying on assumptions or outdated advice can lead to missed exemptions, unnecessary tax bills, or HMRC challenges in 2026.

MTA also highlights an important connection many sole traders overlook. Self Assessment decisions made today can directly affect future Excepted Estates and Inheritance Tax positions in 2026. Inaccurate income histories, incorrect classifications, or missed exemptions can later complicate estate administration and raise HMRC questions during inheritance reviews.

In 2026, HMRC expects accuracy, consistency, and transparency. This video explains how to use exemptions properly, avoid aggressive or risky approaches, and ensure your Self Assessment reflects both compliance and efficiency.

If you are a UK sole trader and want to make sure you are not paying more tax than necessary in 2026, MTA (My Tax Accountant) can review your position and provide clear, professional guidance tailored to your business.

Website: https://www.mytaxaccountant.co.uk

Speak to MTA (My Tax Accountant) today
Phone: 0208 5708531
Email: info@mytaxaccountant.co.uk

Disclaimer
This video is provided for general information only and reflects UK tax rules and HMRC practice as understood in 2026 at the time of publication. It does not constitute tax, legal, or financial advice. Tax outcomes depend on individual circumstances and correct application of exemptions. MTA (My Tax Accountant) accepts no liability for actions taken or decisions made based on this content. Always seek personalised professional advice before acting.

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