One Million Miss the Tax Return Filing Deadline HMRC has estimated that around a million people missed the 31 January 2026 Self Assessment tax return filing deadline. It confirmed that 11.48 million people filed their tax return on time, with most people filing online. As usual, there was a significant…
With just 10 weeks or so to go until the new tax year, many businesses are preparing for the changes that Making Tax Digital (MTD) will bring. From April, sole traders and landlords with an income of over £50,000 will need to submit quarterly updates to HMRC. It is estimated…
HM Revenue & Customs (HMRC) reports that more than 6.36 million people have already submitted their Self Assessment tax return for the 2024/25 tax year. However, they say around 5.65 million taxpayers still need to file, with the statutory deadline of 31 January 2026 now close. While filing remains possible…
Happy New Year and welcome to the January 2026 Tax Update. In this issue we take a look at upcoming changes to Making Tax Digital for Income Tax, working from home expenses, benefits in kind, e-invoicing, advisory fuel rates and dates on the Accounting Horizon. MAKING TAX DIGITAL FOR INCOME…
HMRC warns of rising Self Assessment scams ahead of January deadline HM Revenue & Customs (HMRC) has issued a warning about scams ahead of the 31 January Self Assessment deadline. According to HMRC, more than 4,800 Self Assessment scams have been reported to them since February 2025. In all, they…
Self-Assessment: A Reminder That You Can Spread Your Tax Payments With the festive season underway and household budgets feeling the pressure, it may be useful to know that if you are worried about paying your tax bill in one lump sum, you may be able to spread the cost. Although…
HMRC Reminds Seasonal Sellers to Check Tax Obligations As the festive season approaches, HM Revenue & Customs (HMRC) is urging anyone who earns money from Christmas crafts, seasonal market stalls, or selling festive items to check whether they need to report their earnings for last year. HMRC’s ‘Help for Hustles’…
HM Revenue and Customs (HMRC) is writing to some taxpayers to tell them what they need to do to get ready for the new Making Tax Digital rules that come into force next April. What is Making Tax Digital? Making Tax Digital for Income Tax is a new way for…
HM Revenue and Customs (HMRC) has been reminding taxpayers that there are now fewer than 100 days left to file their tax return and pay any tax due for the 2024-25 tax year. The online filing deadline applicable to the majority of taxpayers is 31 January 2026. According to HMRC…
Welcome to the September Tax Update. In this issue we take a look at adjustments for private use, statutory sick pay, stamp duty land tax, winter fuel payments, VAT, Artificial Intelligence and upcoming dates on the Accounting Horizon. ADJUSTMENTS FOR PRIVATE USE HMRC will be running a digital campaign aimed…