Deadline approaches for first Making Tax Digital quarterly update
More than 864,000 sole traders and landlords signed up to Making Tax Digital (MTD) for Income Tax have just two weeks left before the deadline to submit their first quarterly update.
More than 864,000 sole traders and landlords signed up to Making Tax Digital (MTD) for Income Tax have just two weeks left before the deadline to submit their first quarterly update.
Hundreds of thousands of taxpayers got ahead of the game by filing their Self Assessment return early last month, with 86,270 submitting on day one - as Easter Monday emerged as the most popular date.
More than 860,000 sole traders and landlords need to start using digital tax reporting from 6 April Software available to help spread tax admin throughout the year, with thousands already testing the system successfully Rollout forms part of the Government’s plan to transform the UK’s tax system to support economic growth
Sole traders and landlords earning more than £50,
5.65 million people still need to file their Self Assessment tax return
Thousands of people celebrated the New Year by filing their Self Assessment tax return
6.36 million people head into 2026 with their tax affairs in order
Thousands of people got a head start on their 2026 resolutions by filing their Self Assessment tax return over the New Year.
With less than a month to the 31 January
With the festive season upon us and some people’s Christmas outgoings feeling the strain like Santa’s belt after too many mince pies, HM Revenue and Customs (HMRC) is reminding Self Assessment customers that help is available to manage their tax bill.
There is less than a year to go until sole traders and landlords with an income over £50,000 will be required to use Making Tax Digital (MTD) for Income Tax. The launch on 6 April 2026 marks a significant and ultimately time-saving change in how these individuals will need to keep digital records and report their income to HM Revenue and Customs (HMRC).
Self-employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), following a government announcement today (19 December 2022).
HM Revenue and Customs (HMRC) is reminding businesses that from Tuesday 1 November, they will no longer be able to use their existing Value Added Tax (VAT) online account to submit VAT returns.
Businesses have less than a week to prepare for Making Tax Digital (MTD) for Value Added Tax (VAT) becoming mandatory for VAT-registered businesses on 1 April, HM Revenue and Customs (HMRC) said today.
• Make sure your business is prepared for the change – take steps now Businesses are reminded to take steps to prepare for Making Tax Digital (MTD) for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year.
Businesses will have an extra year to prepare for the digitalisation of income tax, HM Revenue and Customs (HMRC) has announced today.
The tax gap estimate for 2018-19 is 4.7%, HM Revenue and Customs (HMRC) confirmed today.
Businesses with an annual turnover above £85,000 are being urged by HM Revenue and Customs (HMRC) to sign up to Making Tax Digital before the 7 August VAT filing date.
From today, the government’s major Making Tax Digital programme becomes law for over one million VAT registered businesses earning over £85,000.
There is just one week to go until Making Tax Digital for VAT is introduced for more than a million businesses.
Businesses are being urged to get ready as over 2,000 businesses a day sign up for Making Tax Digital for VAT
Senior Decision Makers in finance and accounting admit to not being the best at keeping receipts, as 65% confess to having lost them, according to a new YouGov poll out today.
A pilot for a new online VAT service was launched today, with HM Revenue & Customs (HMRC) inviting more than half a million businesses to try it ahead of new rules coming into force in April 2019.
The tax gap for 2016/17 is 5.7%, HM Revenue and Customs (HMRC) confirmed today.
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, official statistics published today reveal.