HMRC sends letters as next phase of MTD edges closer

HMRC sends letters as next phase of MTD edges closer

From April 2026, the way you report your income tax will change. HM Revenue & Customs (HMRC) is introducing Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA), and if you are a sole trader, self-employed individual, or landlord earning over £50,000 per...
Could your company size threshold change in April?

Could your company size threshold change in April?

From 6 April 2025, the Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 will introduce higher company size thresholds, reducing compliance burdens for thousands of UK businesses. The changes will affect financial reporting...