What It Means & How to Prepare for MTD ITSA Article Summary From April 2026, if you earn over £50K from self-employment and/or property income, you must keep digital records and file quarterly updates via MTD-compatible software. Learn what making tax digital for...
After someone passes away, tax obligations don’t end. Tax and reporting responsibilities can arise both up to the date of death and during estate administration. This may include final personal tax returns, estate accounts, and HMRC reporting throughout the probate...
Maximising Tax Savings with Capital Allowances For businesses, capital expenditure is an integral part of growth and expansion. What many business owners may not realise is that they can leverage capital allowances to gain significant tax advantages. Whether...
Streamline Your Tax Matters with a Government Gateway Account A Government Gateway account is an online service provided by the government that allows individuals and businesses to securely access various government services and information using a single username and...
HMRC have implemented a new system of penalty points for the late filing of VAT returns and late payment of VAT from 1st January 2023. The new process has been put in place to give repeat offenders more harsh payment penalties. It aims to be less harsh on those who...
CIS stands for Construction Industry Scheme (CIS). They help regulate the payments construction contractors make to subcontractors who carry out work for them. CIS contractors must complete a CIS return each month so that HMRC know which subcontractors have been paid,...
