With the rollout of Making Tax Digital (MTD) for Income Tax drawing nearer, HMRC has confirmed that it will begin proactively signing up taxpayers it believes fall within the scope of the new regime from September 2026. Recent reports suggest that while around 864,000 taxpayers are expected to be affected…
Welcome to the October 2026 Tax Update. In this issue, we look at Autumn Budget preparations, HMRC’s increasing use of data analytics, upcoming Making Tax Digital obligations, changes affecting National Minimum Wage rates, and key dates on the accounting horizon. Remember, Remember the 5th of October! Deadline for informing HMRC…
Welcome to the September 2026 Tax Update. In this issue, we look at HMRC’s latest Making Tax Digital developments, guidance on payroll fraud, updated advisory fuel rates, mandatory payrolling of Benefits in Kind, and some key dates on the Accounting Horizon. HMRC TO BEGIN AUTOMATIC MTD SIGN-UPS Making Tax Digital…
QUESTIONS OVER FUTURE TAX CHANGES UNDER NEW PRIME MINISTER ANDY BURNHAM Since becoming Prime Minister, Andy Burnham has made cost-of-living support a key focus. One headline measure announced this month is the planned removal of VAT on household electricity from October 2026, which the Government estimates could reduce average household…
Welcome to the July 2026 Tax Update. In this issue we take a look at the first MTD deadline, Benefits in Kind, Gov.uk Chat, VAT on public EV charging points and upcoming dates on the Accounting Horizon. MTD FOR INCOME TAX: 7 AUGUST DEADLINE IS NEAR Making Tax Digital (MTD)…
Key actions for landlords The Renters’ Rights Act came into force on 1 May 2026 and represents the biggest change to renting in England for a generation. All landlords must be ready, as the new rules apply to both new and existing tenancies from day one. The most important change…
Welcome to the May 2026 Tax Update. In this issue we take a look at MTD for Income Tax going live, VAT with an interesting case of toasted marshmallows, Capital Allowances, CIS, SDLT and upcoming dates on the Accounting Horizon. MAKING TAX DIGITAL FOR INCOME TAX IS NOW LIVE Making…
With Making Tax Digital (MTD) for Income Tax coming into force from 6 April 2026, HM Revenue & Customs (HMRC) has been writing to taxpayers over recent weeks to tell them that they are being mandated into the regime. MTD became mandatory from 6 April 2026 for sole traders and…
The Digital Era is Officially Here The wait is over. As we enter the 2026/27 tax year, Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has officially gone live. While the ‘digital revolution’ has been discussed for years, the final regulations were laid before Parliament on 24 March…
Welcome to the April 2026 Tax Update and the start of the new tax year. In this issue we take a look at MTD for Income Tax going live, tax changes for 2026-27, VAT on public electric vehicle charging and dates on the Accounting Horizon. MAKING TAX DIGITAL FOR INCOME…