Rachel Reeves has confirmed that she will deliver the Spring Statement  to the House of Commons on Tuesday, 3 March 2026 . The Spring Statement is primarily an opportunity for the government to set out an update on the state of the UK economy, informed by the latest economic and fiscal forecasts from the Office for Budget Responsibility (OBR). Alongside this, the statement often serves as a platform for publishing consultations, including early-stage calls for evidence and di

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 2025 Budget scheduled for Wednesday, 26 November, there are plenty of rumours about potential tax increases.   With UK borrowing costs at their highest in 27 years, the Chancellor faces the challenge of boosting the economy while striving to "balance the books."   This series of articles explores how the Chancellor might tackle this issue without breaking the Labour Party Election Manifesto pledge to avoid raising taxes on working people. We begin by focusing on area

HMRC has reminded married couples and those in civil partnerships that they could reduce their income tax liability by up to £252 a year...