Making Tax Digital – important deadline dates

Making Tax Digital – important deadline dates

Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from April 2026. If you are self-employed or a landlord earning over £50,000 you need to be prepared for digital record keeping including making quarterly updates and for a...
New self-assessment services announced by HMRC

New self-assessment services announced by HMRC

New digital services have been launched that aim to make filing and managing tax returns quicker and less stressful. These improvements are part of HMRC’s Transformation Roadmap, which sets out over 50 projects to modernise the UK’s tax system by 2030....
Helping family or friends with their tax

Helping family or friends with their tax

Need to help a relative or friend with tax? HMRC’s Trusted Helper service makes it quick and easy to support someone online. Whether it is checking Income Tax, updating their personal details or reviewing taxable benefits like company cars or medical insurance,...
Goodbye remittance basis hello FIG

Goodbye remittance basis hello FIG

Since 6 April 2025, the remittance basis of taxation for non-UK domiciled individuals (non-doms) has been replaced by the Foreign Income and Gains (FIG) regime. This shift marks a significant change, as the new FIG regime is based on tax residence rather than...
Struggling to fund your July tax payment?

Struggling to fund your July tax payment?

The second 2024-25 payment on account for self-assessment taxpayers is due on 31 July 2025. If you are finding it difficult to meet this tax bill, there are options available to ease the burden. Taxpayers with liabilities of up to £30,000 can use the...
Do you have additional income streams?

Do you have additional income streams?

Side income over £1,000 may mean filing a tax return. HMRC is urging part-time earners to check their tax position for 2024–25, especially if they earn from casual work, renting, or crypto. If you are earning extra income it is important to be aware...