Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is not mandatory for traders and landlords whose combined trading and property income (before deduction of expenses) was at least £50,000 or more in 2024/25.
HMRC have now published their final Ready, Steady, File newsletter for participants in the 2025 testing programme which thanks them for their involvement.
The fourth and final edition of Ready, Steady, File can be found on the gov.uk website (www.gov.uk/government/collections/ready-steady-file).
The second payment on account for the 2025/26 tax year is due by 31 July 2026. You will need…
Tax refunds are not issued automatically and if a client receives a letter or text message informing them that…
The High Income Child Benefit Charge (HICBC) applies to clawback child benefit where the recipient and/or their partner has…
Employers must pay workers aged 21 and older at least the National Living Wage (NLW), while workers under the…