Making Tax Digital (MTD) is transforming the way individuals and businesses keep their records and submit tax returns. If you're self-employed or a landlord, you've probably heard of MTD for VAT, but the next stage – MTD for Income Tax Self Assessment (MTD ITSA) – is now...
Tax Considerations for Company Directors
March 12, 2025
Running a limited company in the UK can offer financial and operational flexibility, but it also comes with tax and compliance responsibilities. Whether you’re a new director or looking to stay updated on changes for the 2025-26 tax year, here’s what you need to know....
Making Tax Digital: What You Need to Know
February 21, 2025
The UK government’s Making Tax Digital (MTD) initiative is transforming the way businesses manage and submit their taxes. The scheme aims to simplify tax reporting, reduce errors, and make compliance more efficient through digital solutions. If your company is su...
Key Points from the Chancellor's Autumn Statement 2022
November 22, 2022
On Thursday 17 November, the Chancellor presented the government’s Autumn Statement in which he told the House of Commons his plans to tackle the cost-of-living crisis, "rebuild our economy" and significantly reduce borrowing over the coming years.The Chancellor said that ...
Making Tax Digital for Income Tax
October 7, 2021
HMRC has stated it wants to be one of the world’s most digitally advanced tax administrations, and the government describes its Making Tax Digital (MTD) initiative – which will affect VAT, income tax and corporation tax – as ‘a key part of plans to make it easier for...
Charities & Tax
January 19, 2021
HMRC Recognition
Charities can get certain tax reliefs but you must be recognised by HMRC. To be recognised the charity must be:based in the UK, EU, Iceland, Liechtenstein or Norwayestablished for charitable purposes onlyregistered with the Charity Commissionbe run by fit and proper pe...
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