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 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…
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)…
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…
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 February 2026 Tax Update. In this issue we take a look at year-end tax planning, the inheritance tax U-turn, MTD, employment expenses, an input VAT ruling and dates on the Accounting Horizon. THERE’S STILL TIME FOR SOME YEAR END TAX-PLANNING! With the tax/financial year end approaching, now…
The government is pressing ahead with Making Tax Digital (MTD) for Income Tax – and it will affect many sole traders and landlords over the next few years. Here’s what’s changing, when it’s changing, and how to get ready. What is MTD for Income Tax? Under MTD, sole traders and…
Welcome to the July Tax Update. In this issue we take a look at the government targeting unpaid tax, extracting funds from a business, childcare accounts, salary sacrifice, MTD on jointly help property, VAT on private tuition, and dates on the Accounting Horizon. Government Targets £7.5 Billion in Unpaid Tax…
Government Targets £7.5 Billion in Unpaid Tax The government has announced plans to raise an additional £7.5 billion by stepping up efforts to close the tax gap – the difference between the tax HMRC expects to collect and what is actually paid. Figures published on 19 June show that £46.8…
Welcome to the May Tax Update. In this issue we take a look at the upcoming changes to Making Tax Digital for Income Tax, changes to the taxation of Non-UK Domiciled Individuals, Holiday Lettings and Property, VAT on Food or Confectionery; and events on the accounting horizon. MTD for Income…