by admin | May 20, 2025 | Making Tax Digital, Self Employed, Tax
Making Tax Digital (MTD) for Income Tax is set to begin on 6 April 2026. It will replace the traditional Self-Assessment Tax Return system for self-employed individuals and landlords. The aim is to improve record-keeping and reduce errors by requiring regular updates...
by admin | Mar 4, 2025 | Making Tax Digital, Self Employed, Tax, Tax Planning
Food for thought before 5th April 2025 Have you considered the following: The Furnished Holiday Let (FHL) regime is ending and with it the ability to claim for capital allowances – we would advise buying any equipment you may have been considering by 5th April 2025....
by admin | Oct 2, 2018 | Accountancy, Business, HMRC, Making Tax Digital, VAT
The start date for Making Tax Digital (MTD) for VAT is fast approaching. If you are a VAT-registered business with turnover in excess of the VAT registration threshold of £85,000, you will need to comply with the requirements of MTD for VAT from the start of...
by admin | Apr 25, 2018 | Accountancy, Business, HMRC, Making Tax Digital, Self Employed, Tax, VAT
WHAT’S GOING ON? Two years ago, it was proposed that Her Majesty’s Revenue and Customs (HMRC) was to move to a fully digital based tax system. By the end of the 2020/21 tax year the way that businesses, including landlords, currently interact and liaise with HMRC will...
by admin | Nov 24, 2017 | Making Tax Digital, Self Employed, Tax, Tax Planning, The Budget, VAT
VAT To the relief of many there will be no immediate reduction to the VAT registration threshold although it will remain frozen at £85,000 for two years. The government will keep this issue under review, they will consult on the design of the threshold and consider...
by admin | Oct 18, 2017 | HMRC, Making Tax Digital, Self Employed, Tax
***From 15th December 2017 it will no longer be possible to pay any Tax/NIC etc at the Post Office using the Transcash system**** Due to falling demand for the service, HMRC have decided to remove it as an option entirely for 15th December 2017. What does this...
