With just one month to go before the first tranche of individuals are required to sign up to MTD for income tax, HMRC is writing to taxpayers it believes might be affected.
From April 2026, sole traders and landlords with qualifying income above £50,000, based on the information included in their...
The new points-based penalties system will apply to all self assessment taxpayers from April 2027, not just those within Making Tax Digital for income tax (MTD IT).
The new rules will apply first to taxpayers mandated to join MTD IT from April 2026 (those with qualifying income over £50,000); the...
From April 2029, income tax self assessment taxpayers who also have PAYE income will pay some of their self assessment liability via PAYE.
Currently, if you owe additional tax due to a previous underpayment HMRC can collect that amount gradually by adjusting your tax code for the following tax ye...
The payment is means-tested, so individuals with gross income for 2025-26 above £35,000 will be required to repay the full amount received. This is known as the WFP charge.
If you are subject to the WFP charge and you usually file a self assessment tax return, the WFP will be added to your tax bi...
From 2 January 2026, suppliers of most standalone private hire and taxi journeys can no longer use the tour operators’ margin scheme (TOMS).
Previously, some private hire operators, including certain app-based platforms acting as principal in supplying the journey, applied the TOMS to account for...