Mothers on maternity leave will still have to file quarterly under Making Tax Digital for Income Tax, even if earnings are nil, if they are in first £50,000 wave
Low awareness is coupled with scepticism as one in four self employed and sole traders do not see any benefit from Making Tax Digital (MTD) for Income Tax, saying it will only help HMRC and raise their costs, latest survey finds
With nearly 40 days until Making Tax Digital for Income Tax starts, Sara White asked HMRC to clarify some of the more complex aspects from use of bridging software, to what happens when income drops below threshold and how to get out of MTD once registered
Taxpayers signed up to the Making Tax Digital (MTD) for Income Tax trial face major problem settling payment on account as financial information held in separate HMRC systems
Software developers using generative AI must ensure tax products are designed with human oversight and only use reliable source data, warns HMRC, but critics say guidance is at least two years too late
Senior HMRC official claims Making Tax Digital rollout ‘on track’ but 40% of sole traders and landlords without accountant or bookkeeper as April deadline looms
Lucy Mangan, partner and head of tax at Menzies, looks at the major changes coming down the track as the major overhaul of income tax reporting and shift to in-year reporting under Making Tax Digital signals a new world for taxpayers with multiple income streams
The UK’s largest tax advice charity TaxAid is launching a major fundraising campaign to help vulnerable taxpayers navigate Making Tax Digital for Income Tax
Landlords and self employed caught by phase one of Making Tax Digital (MTD) for Income Tax rules will not have to pay penalties if late filing quarterly updates