Making Tax Digital has started – Are you ready for the first submission?
Making Tax Digital (MTD) for Income Tax has now begun, years after it was first announced and when it was due to take effect.
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Are you paying yourself as tax efficiently as possible in 2026?
Not everyone has the freedom to decide how they are paid or to structure their income in the most tax-efficient way. So, if you do run your own limited company and have this luxury, you need to make sure you…
HMRC sets its sights on side hustlers again
More than £55 billion worth of side hustle sales data is to be handed to HMRC by platforms, as the tax authority ramps up compliance on small online traders and service providers. Platforms, such as eBay and Airbnb, have once…
Voluntary payrolling of Benefits in Kind: How can your business prepare?
If your business offers employees perks such as company cars or private health insurance, you need to be aware of the upcoming changes to how these are taxed and reported. From 6 April 2027, HMRC will require most Benefits in…
How will the say-nothing Spring Statement shape the future of businesses?
Many businesses felt as though they had been entirely overlooked by the Autumn Budget, as costs were set to rise without much support. The Spring Statement was a chance to change direction and provide assistance to businesses. This did not…
Spring Statement Summary
Going into the latest Spring Statement, the Chancellor made it very clear that this would not be a full fiscal event and that any new policy changes would be off the table. Rising to her feet in Parliament that is…
MTD is getting closer, but awareness still is not translating into action
As Making Tax Digital for Income Tax edges ever closer for many sole traders and landlords. However, according to new research sections of those affected by the new digital reporting requirements for income tax remain unclear, unconvinced or unprepared for…
Businesses strike back at proposed tourist tax: What could this mean for you?
More than 200 leaders from the UK’s hospitality and leisure sector have written to the Chancellor urging the Government to reconsider the proposed visitor levies. Signatories included major accommodation providers such as Butlins, Haven, Hilton and Travelodge and the message…
The Making Tax Digital for Income Tax countdown is getting louder – Are you ready yet?
If you have noticed more TV and online adverts for cloud accounting software lately, that is no accident as the countdown to Making Tax Digital for Income Tax (MTD for IT) ramps up. There is just two months left for…
How do you know if you are exempt from Making Tax Digital (MTD)?
The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026. However, some landlords, self-employed individuals or sole traders may still wondering whether…