MTD Part 2: Software, Sign Up Deadlines and Penalties
In Part 1, we covered who needs to make quarterly submissions to HMRC under Making Tax Digital for Income Tax. In this second part, we look at the practical side of getting ready: the software you need, when to sign up, what information HMRC will ask for what penalties may still apply. How HMRC decides […]
Making Tax Digital April 2026: Qualifying Income Explained
Part 1 — Qualifying Income Explained (April 2026) This is Part 1 of our Making Tax Digital (MTD) guide for self-employed people and landlords. It explains “qualifying income” — the key figure HMRC uses to decide who must enrol for Making Tax Digital for Income Tax from 6 April 2026. If your qualifying income is […]
HMRC payroll changes for 2026/27: is your payroll ready?
For many employers, payroll is something that only gets attention when a problem arises. Unfortunately, by the time an issue appears in payslips, HMRC reporting, or employee queries, it can already be costing time, money, and confidence. That is why it is worth reviewing the HMRC payroll changes for 2026/27 before the new tax year […]
New Year bookkeeping tips
The period between Christmas and New Year is often quieter for small business owners. It’s a time when many people start thinking about the year ahead and how they want things to feel — less rushed, more organised, and hopefully less stressful. When it comes to finances, the good news is that starting the new […]
Vinted Tax Rules UK
Do you sell your unwanted clothes or household items on Vinted? If so, you might be wondering whether you’re doing it as a hobby, or whether HMRC would consider you a business (a trader). The difference really matters — especially when it comes to tax. You might also have noticed that Vinted sometimes asks for […]
How to pay your tax
Deadline for paying tax due is 31 January. Understanding your payment options can help you avoid penalties, interest, and last-minute stress. Below is a simple, easy-to-follow guide to the different methods you can use to pay your Self Assessment tax bill. Pay Online via Bank Transfer (Faster Payments) This is one of the quickest and […]
Mandatory Companies House ID Verification from 18 November
Starting 18 November, Companies House is introducing mandatory ID verification for all individuals involved in running or owning a company in the UK. If you’re a company director, company secretary, person with significant control (beneficial owner), or anyone filing on behalf of a business, you must verify your identity to remain compliant with UK company […]
Employer Responsibilities in the UK: How to Properly Enrol Employees in a Pension Scheme (Auto-Enrolment)
Every employer in the UK is legally required to provide their employees with access to a workplace pension scheme. Since 2016, most businesses – regardless of size – must follow the rules of so-called auto-enrolment. Below is a step-by-step guide on what you need to do to comply with the regulations. Who qualifies for auto-enrolment? […]
Attention! Lost Your CIS Statement? New HMRC Rules Apply
If you’re working as a subcontractor under the Construction Industry Scheme (CIS), it’s essential to stay updated with the latest rules from HMRC. No More Phone Requests for CIS Statements In the past, subcontractors could request duplicate CIS statements by calling HMRC. However, from 1 July 2024, this is no longer possible. HMRC will now […]
Changes in Employers Allowance from April 6, 2025 – what do you need to know? part 2
In the previous article, we discussed changes for companies where the director is the sole employee. Today, we will look at other situations, including companies that employ more people. Two directors drawing salary If a company has two directors who receive a salary and each of them earns more than £6,504 per year, it means […]