Keeping track of deadlines can be challenging, particularly for businesses with several different tax obligations.
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The deadline for filing the first quarterly update (QU) under MTD for income tax has now passed, but QUs still need to be filed.
Continue ReadingTaxpayers who were required to join Making Tax Digital for income tax (MTD) from April 2026 but have not done so will be signed up automatically.
Continue ReadingWith just one month to go before the first tranche of individuals are required to sign up to MTD for income tax, HMRC is writing to taxpayers it believes might be affected
Continue ReadingHMRC has confirmed that companies will not have to comply with the requirements of Making Tax Digital (MTD) for corporation tax (CT) purposes
Continue ReadingIn just over six months the first group of taxpayers will be required to join HMRC's Making Tax Digital for income tax (MTD IT) programme
Continue ReadingMaking Tax Digital for Income Tax (MTD IT) is fast approaching, with the mandation date for sole traders and landlords with qualifying income of £50,000 and above set firmly at 6.4.26.
Continue ReadingHMRC has announced that it will close the online service for filing company accounts and corporation tax returns on 31 March 2026
Continue ReadingIn just over a year the first tranche of sole traders and landlords will be required by law to keep digital records to comply with the requirements of Making Tax Digital for Income Tax (MTD IT)
Continue ReadingMany more sole traders and landlords will be required to comply with making tax digital (MTD) for income tax when the qualifying income threshold is reduced from £30,000 to £20,000.
Continue ReadingThere are currently three forms of compensation being awarded to subpostmasters following the Horizon scandal and each will have different tax implications.
Continue ReadingHMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD SA) as announced in the Autumn Statement 2023.
Continue ReadingHMRC has introduced two new measures to tackle the rise in fraudulent research and development (R&D) claims.
Continue ReadingThe online form for requesting overlap relief information for basis period reform is now live.
Continue ReadingA dramatic simplification of the MTD processes to be introduced in 2026 including no EOPS; cumulative submissions each quarter; and restrictions for complex situations.
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