Government abolishes work-from-home relief
Directors and employees claiming work-from-home tax relief will no longer be able to claim it from the start of the new tax year – 6 April 2026. Why is this…
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Capital allowances – New rules for a new tax year
Capital allowances continue to provide an effective method for businesses to reduce their tax bills, by providing incentives for investment in eligible expenditure – typically plant and machinery. Historically, these…
Company tax returns and accounts have gone digital
HMRC and Companies House have confirmed that from 1 April, all businesses must use compliant, commercial software to file their company’s tax returns. As of 31 March, the free joint…
Now that Making Tax Digital is compulsory, are you ready for the first deadline?
Making Tax Digital (MTD) for Income Tax has now become the compulsory way of handling tax filings for landlords, sole traders and self-employed individuals with a qualifying income over £50,000.
Sole traders and landlords offered cessation to compliance with Making Tax Digital for Income Tax
With the launch of Making Tax Digital for Income Tax just days away, HMRC has announced a new cessation option for sole traders and landlords who fall below the annual…
How will close companies be affected by new reporting requirements?
New reporting requirements are currently under consultation for close companies that could see them managing increased administrative responsibilities.