Filter by: tax-regulation
Making Tax Digital for Income Tax: The First Deadline is Fast Approaching
With the introduction of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), the biggest change to the Self Assessment system in a generation is now underway. Although the mandatory start date of April 2026 has arrived for the first group of taxpayers, many self-employed individuals and landlords are still unprepared for the new requirements. Now is the time to check whether the rules apply to you and, if they do, ensure you have the right systems in place.
Act now. 864,000 sole traders and landlords face new tax rules in two months
From 6 April 2026, those eligible will need to use recognised software to keep digital records and send HM Revenue and Customs (HMRC) light-touch quarterly updates of their income and expenses. These are not extra tax returns.
5.65 million still to file as the Self Assessment deadline looms
Customers can start their tax return, save it and re-visit it as many times as they need to before they submit it. And, once they’ve sent it, the bill doesn’t have to be paid straight away, but does need to be paid before the 31 January deadline. The easiest way to pay is through the HMRC app. Customers can also set up notifications in the app to ensure they know when payments are due so they don’t miss a deadline.
Self Assessment deadline is 100 days away
More than 3.5 million people have already filed their Self Assessment tax return for the 2024 to 2025 tax year and with 100 days to the 31 January 2026 deadline, HM Revenue and Customs (HMRC) is reminding those yet to file to do it early.
Scams warning as Self Assessment customers targeted
Scammers often impersonate HMRC, offering fake refunds or demanding urgent payments to steal personal and banking information. They may say it’s safe to share personal details. It’s not. Passwords, usernames, and access codes are private and customers should never share them, even with someone they trust or who helps them with their tax.
Business Basics – Making Tax Digital
Making Tax Digital (MTD) for Income Tax and Rental Income is the biggest change to Self-Assessment since it was launched by HMRC over 30 years ago.
UK organisations stand to benefit from new data protection laws
The Data (Use and Access) Act 2025 (DUAA) has now received Royal Assent. This new legislation updates key aspects of data protection law, making it easier for UK businesses to protect people’s personal information while growing and innovating their products and services.
‘Being organised helps take the stress out of completing a tax return’
Jade Milbourne, 34, runs a dog grooming salon with her business partner. They offer high-quality dog grooming and teeth cleaning services for our four-legged friends. Jade has been running the business for 5 years and believes the way to stay on top of her tax return each year is to stay organised.
A record 299,419 returns filed in the first week of the new tax year
Self Assessment customers can submit their tax return for the 2024 to 2025 tax year between 6 April 2025, the first day of the new tax year, and the deadline on 31 January 2026.
Business Essentials: What is a Tax Deductible Expense?
As a business owner, it can be daunting when you are trying to work out what you can and can’t claim as tax deductible expense. Other business owners will give you their opinion but is that the right advice for you and your business? You can search online, but this can be confusing and often contradictory. So, what can you claim?
The legal requirements for starting a business
The legal requirements for starting a business can seem intimidating...
How digital tax will benefit your business
You will probably have heard about digital tax but what does it actually mean for you and how will it benefit your business?