From April 2026 , Making Tax Digital for Income Tax (MTD for IT)  will become mandatory for many self-employed individuals and landlords. This represents one of the biggest changes to the UK tax system in recent years, moving away from a single annual tax return towards more regular digital reporting to HM Revenue & Customs . The aim of MTD for IT is to modernise the tax system, improve accuracy, and give taxpayers greater visibility over their tax position throughout the yea

Overview Recent reports suggest that the Chancellor,   Rachel Reeves , is considering a significant change to the National Insurance Contributions (NICs) regime — one that could have major implications for members of   Limited Liability Partnerships (LLPs) . While these reports remain unconfirmed, the level of detail contained in the leaks suggests that the Treasury is seriously examining proposals to   bring LLP members more closely in line with employees   in terms of NIC t

HMRC has introduced new mandatory reporting obligations that will affect both company directors  and self-employed taxpayers when...

With the next Budget approaching, speculation is growing that the Government may make further changes to the taxation of dividend income....

With the 2025 Budget landing on Wednesday 26 November, speculation is ramping up over possible tax rises. With borrowing costs at a...

The Treasury has dismissed recommendations from the Office of Tax Simplification (OTS) to allowing capital gains tax with income tax,...

The Government is calling for evidence on income tax self-assessment (ITSA) registration to find out whether bringing forward the point...

The Government has decided not to take on recommendations made by the Office of Tax Simplification (OTS) for inheritance tax. The OTS Has...

As we head into another festive season, many employers are now, more than ever, looking to bring a little bit of cheer to their employees...

If you're looking at mileage allowances for business use of employees own vehicles, and reviewing or planning your finances, please feel...

Many businesses use recruitment agencies to source temporary workers. These agencies may choose to outsource the administrative burdens...

The Government announced a raft of tax and spending proposals in Budget 2021, but announcements for the fleet and leasing industry within...

A Budget policy paper confirms that the switch from currently a basis to the tax year basis will happen for all self-employed individuals...

Rishi Sunak delivered his third budget as chancellor to the Commons on Wednesday 27 October 2021 where he announced a series of measures...

Rishi Sunak will deliver his budget and spending review to the Commons this Wednesday and the Chancellor has already announced a series...

The Chancellor, Rishi Sunak, will reveal his Budget and Autumn spending review to the Commons on 27 October 2021, The government spending...

Salary sacrifice arrangements could help lessen employees’ additional tax bills from the rise in National Insurance contributions (NICs)...

The second Budget in 2021 will be announced alongside a spending review on 27 October 2021. With the UK still recovering, what could be...

Businesses have been given an extra three months to take on young employees through the government funded Kickstart Scheme after Rishi...

The Government has delayed the introduction of Making Tax Digital for Income Tax self-assessment (MTD for ITSA) to 6 April 2024 to give...