Do not forget to claim the marriage allowance

Do not forget to claim the marriage allowance

by | Jun 12, 2025 | Income Tax

If one partner in a marriage or civil partnership earns under £12,570, you could save up to £252 a year, and up to £1,260 if you backdate your Marriage Allowance claim for the past four years. The Marriage Allowance can be claimed by married couples...
Can you reduce your 31 July tax payment on account

Can you reduce your 31 July tax payment on account

by | Jun 5, 2025 | Income Tax

Expecting lower profits 2024-25 compared to 2023-24? You can ask HMRC to reduce your 31 July 25 tax payment on account. Act early to manage cash flow. Use your online account or we can handle it for you. Self-assessment taxpayers normally pay their income tax in three...
Could you extend Child Benefit claim?

Could you extend Child Benefit claim?

by | May 22, 2025 | Income Tax

Parents of 16–19-year-olds: confirm your child’s continued education or training by 31 August 2025 to keep Child Benefit payments going. Last year, over 870,000 families updated HMRC, most online. It only takes a few minutes and helps avoid missed...
Why filing early makes sense

Why filing early makes sense

by | May 15, 2025 | Income Tax

Filing your 2024-25 Self-Assessment return early means faster refunds, better budgeting, and no deadline stress. Do not delay, start gathering your tax details today. The 2024–25 tax year officially ended on 5 April 2025, with the new 2025–26 tax year...
MTD for Income Tax deadline is approaching

MTD for Income Tax deadline is approaching

by | May 15, 2025 | Income Tax

MTD for Income Tax starts 6 April 2026 for the self-employed and landlords with £50k+ income. Plan early to stay compliant and avoid disruption. MTD represents one of the most significant overhauls to the self-assessment regime since its introduction in 1997....
Income reporting threshold increased

Income reporting threshold increased

by | May 8, 2025 | Income Tax

The £3,000 reporting threshold for trading, property, and other income will simplify tax returns—300,000 people could be freed from filing. A digital alternative is also coming. As part of the Spring 2025 Tax Update: Simplification, Administration and...