HMRC to close their online accounts and tax filing service
HMRC have issued guidance confirming that from 31 March 2026 their online filing service for company accounts and tax returns will close.
HMRC have issued guidance confirming that from 31 March 2026 their online filing service for company accounts and tax returns will close.
Further information has been released by the Government on the increase in the trading allowance rate and when this will come into effect, but beware; the £3,000 is not a tax relief increase, only an administrative increase.
If you are a taxpayer and you are concerned that you cannot pay your tax bill on time, you have the option to set up an online “time to pay” arrangement with HMRC. This means you can spread the cost of you tax bill over a period of 6-12 months, helping improve cash flow.
Further to our article in December 2024 and with the tax regime for furnished holiday lettings ending in April 2025, there are practical issues that affected property owners need to know about.
2025 has been a mixed year, so far. The winners of 2023 and 2024 are not currently faring so well, with US stocks lagging behind Europe and the UK as the “Magnificent 7” technology companies decline in value.
It is widely anticipated that HMRC enquiry levels will start to increase in the coming months as the new Government continue to face budgetary pressures. Therefore, if you do not currently have cover, we suggest you give this service some consideration.
4 March 2025
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