Under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), taxpayers will need to make a final declaration (equivalent to the current tax return) in which they will make any adjustments, report other sources of income and claim reliefs like the current Self Assessment return, this must be filed no later than 31 January after the end of the tax year. The return must be made using software compatible with MTD for ITSA.
From the 06th April 2027 new higher rates of tax will apply to savings income and to property income which…
Earlier in 2026, HMRC advised that they would be contacting around one million earners about the low earner’s pension payment,…
The Approved Mileage Allowance Payments (AMAP’s) scheme allows employers to make tax-free mileage payments up to the approved amount where…
Mandatory payrolling is being phased in from the 06th April 2027. From that date, employers must payroll car and car…