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Making Tax Digital for Income Tax – get ready now

4 minutes to readIn June of this year, we outlined the ‘who, what and why’ behind Making Tax Digital for Income Tax – the overhaul in the way taxpayers, agents and HMRC link and feed information to each other: It’s happening – Making Tax Digital for Income Tax HMRC is now running a campaign with letters and advertising …

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Making Tax Digital for Income Tax exclusions – apply now

3 minutes to readHMRC is now accepting applications for exemption from Making Tax Digital for Income Tax (MTD for IT) if you qualify as ‘digitally excluded’. To be exempt on the grounds of digital exclusion, an application has to be made to HMRC and approved by them. What is digital exclusion? Looking at HMRC’s definition and the current …

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Updated timing: Payrolling benefits in kind now 6 April 2027

2 minutes to readIn their spring newsfeed, HMRC has announced that the date for the mandatory reporting of Income Tax and Class 1A NICs for most benefits in kind and taxable expenses has been put back a year – to 6 April 2027 These changes will mean that the tax on employees’ taxable benefits will be deducted directly …

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Checklist: Year-end personal tax planning

4 minutes to readBefore the tax year draws to a close, it is important to ensure your tax affairs are arranged efficiently. Year-end tax planning can provide significant benefits, including reducing your tax liabilities and ensuring that you make full use of available allowances and reliefs. We have compiled a checklist, and some key planning points that you …

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2024/2025 Tax Data

< 1 minute to readIn an easy-to-read format, our tax data cards contain a snapshot of the tax rates and bands for individuals and businesses for the financial year 2024/25. Download a copy here, or get in touch with either our Leicester or Loughborough offices for a printed card. Rates, bands and allowances covered include those for: Income Tax …

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