Tax | 299k tax returns filed in week one of tax year led by dog groomer

Nearly 300,000 people filed their tax return in the first week of the new tax year, almost 10 months ahead of the 2024-25 deadline

9 May 2025

Tax

Making Tax Digital

Personal Tax

Tax | HMRC systems are a ‘lumbering dinosaur’

MPs on the influential Treasury Committee criticise HMRC for failure to update legacy IT systems and no fixed plan for when the work will be completed, putting productivity and service levels at risk

2 May 2025

Tax

Making Tax Digital

HMRC

Tax Compliance

Technology

Tax | CPD module: MTD For Income Tax

This month’s exclusive, free CPD course explains the huge changes coming with the extension of Making Tax Digital (MTD) for Income Tax

1 May 2025

Tax

Making Tax Digital

Personal Tax

Tax Compliance

Tax Planning

Tax | MTD education needs to improve before 2026

Making Tax Digital (MTD) for income tax is coming in for self employed and landlords with turnover above £50,000 from 2026, but many do not understand if they are caught by the rules

8 Apr 2025

Tax

Making Tax Digital

Tax | Spring Statement: MTD extension ‘costly and confusing’

The expansion of Making Tax Digital to millions more self employed individuals earning as little as £20,000 will be a challenge as HMRC withdraws free filing software used by over four million taxpayers

27 Mar 2025

Tax

Making Tax Digital

Personal Tax

HMRC

Tax Compliance

Budget

Tax | Spring Statement: £20k threshold for MTD from 2028

All self employed and landlords with income over £20,000 will have to file quarterly returns under Making Tax Digital for Income Tax from 2028

26 Mar 2025

Tax

Making Tax Digital

HMRC

Tax | 400k buy to let owners use limited companies to reduce tax bill

The combination of high tax bills and interest rates has seen a record number of buy to let landlords shift to limited company structures to hold their property portfolios

20 Mar 2025

Tax

Making Tax Digital

Property Tax

Finance

Financial Reporting

Tax | Landlords set to receive Making Tax Digital letters

HMRC plans to start sending letters to taxpayers affected by introduction of Making Tax Digital for income tax advising them they will have to report quarterly

26 Feb 2025

Tax

Making Tax Digital

Personal Tax

Property Tax

HMRC

Tax Compliance

Business | Tax and tech will shape accountancy in 2025

Tim Pinkney, director of professional standards at the Institute of Financial Accountants (IFA), examines the key risks and significant challenges for accountants and finance teams in the year ahead

17 Feb 2025

Business

Companies

Accountancy Firms

Tax

Making Tax Digital

HR

Work

Careers

Tax | Tax filing deadlines: Feb to Jul 2025

Essential tax deadlines at a glance including deferment of payment of Class 1 NICs

3 Feb 2025

Tax

Making Tax Digital

VAT

HMRC

Tax Compliance

Tax Planning

Tax | Where next for Making Tax Digital in 2025?

Accountants, landlords and the self employed need to prepare for revolutionary new HMRC quarterly tax reporting requirements under extension of Making Tax Digital to income tax, explains Simon Read

29 Jan 2025

Tax

Making Tax Digital

Personal Tax

Tax Compliance

Tax Planning

Tax | Sage will provide free MTD for income tax software, says Treasury

James Murray, Treasury minister responsible for HMRC has confirmed free Sage software will be available for Making Tax Digital for income tax, albeit a basic package

16 Jan 2025

Tax

Making Tax Digital

Personal Tax

HMRC

Technology

Politics

Tax | ‘Decades old’ IT system damaging HMRC

A legacy IT system, under resourcing and too much reliance on paper-based processes is contributing to service decline at HMRC, warns ABAB

17 Dec 2024

Tax

Making Tax Digital

HMRC

Tax | HMRC launches multiple agent support for MTD

In a major update to the Making Tax Digital for Income Tax system, HMRC has confirmed it can now handle more than one agent acting for a single client

17 Oct 2024

Tax

Making Tax Digital

Personal Tax

HMRC

Tax | Two thirds say HMRC guidance ‘difficult to access’

The quality of HMRC service is deteriorating with telephone helplines coming in for heavy criticism along with difficulties understanding guidance and dissatisfaction with webchat

1 Oct 2024

Tax

Making Tax Digital

HMRC