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).
HMRC has published guidance on completing the main SA100 tax return for 2024/25, 2023/24 and 2022/23, together with the returns…
We would like to congratulate one of our team members Tom for his hard work and dedication in…
Reporting obligations arise where an employer provides taxable benefits or expenses to an employee. For benefits provided in the 2025/26…
Taxable income bands and tax rates (England, Wales, and Northern Ireland) Basic rate band £0 to £37,700 Higher rate…