Preparing for Making Tax Digital: What Sole Traders and Landlords Need to Know
From April 2026, the way many sole traders and landlords report their income to HMRC will undergo a major transformation.
From April 2026, the way many sole traders and landlords report their income to HMRC will undergo a major transformation.
Yesterday, Wednesday 26 November, Chancellor Rachel Reeves delivered her second budget. We have sifted through the details which we feel will be the most significant to our clients, and we hope the following review will be helpful.
Taxing and opting out of Winter Fuel Payments -
Spotlight on -
Changes to Tax from April 2025
HMRC have issued guidance confirming that from 31 March 2026 their online filing service for company accounts and tax returns will close.
As you may be aware, in February 2024 HMRC proposed a change in relation to the tax treatment of double cab pick-ups for both capital allowances and benefit in kind (BIK) purposes. They then quickly changed their mind around a week later and decided not to implement the changes. However, following the most recent Budget the Government have again decided these changes should be put in place.
We are aware that HMRC are currently experiencing delays in their performance and service levels across some areas and would like to make you aware of these.
Basis Period Changes -
Reminder to return your records to us as soon as possible
Basis Period Reform:
Will it affect your business?
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