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Additional reporting requirements for directors of close companies came into force for Self-Assessment returns from 2025/26 onwards. A close company is generally a company that…

Certain landlords and self-employed individuals should start preparing now for the next phase of Making Tax Digital (MTD) for Income Tax. Taxpayers with qualifying income…

A business can normally only reclaim VAT on the purchase of a car if the car is not available for any private use whatsoever. This…

Cryptoassets have moved into the financial mainstream, with many individuals now holding Bitcoin, Ethereum and other digital assets alongside traditional investments. However, a common misconception…

The table below sets out the HMRC advisory fuel rates from 1 September 2026. These are the suggested reimbursement rates for employees’ private mileage using…

HMRC has begun writing to landlords where the information it holds from third parties does not appear to match the taxpayer’s records. The letters encourage…

Making Tax Digital (MTD) for Income Tax became mandatory from 6 April 2026 for sole traders and landlords with combined gross income from self-employment and…

Mandatory payrolling of benefits in kind (BiKs) will begin from 6 April 2027, with a phased introduction designed to give employers and payroll providers time…

HMRC is sending updated tax codes to state pensioners who exceeded the earnings limit for the Winter Fuel Payment. These letters began going out in…