Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will be introduced on 6 April 2026. Here’s how it will affect landlords and what changes have been made to simplify the process: Scope and Timeline Initial Application: From 6 April 2026, MTD for ITSA will apply to unincorporated traders and landlords with annual […]

HMRC has increasingly relied on ‘nudge’ letters to encourage taxpayers to review their tax returns and correct any errors or omissions. These letters are part of HMRC’s strategy to address the tax gap—estimated at £35.8 billion for the 2021 to 2022 tax year—by identifying discrepancies through advanced data collection and analysis. Here’s what you need

Despite its availability, the Marriage Allowance (MA) remains underutilized, with only 1.8 million out of 4.2 million eligible couples claiming it. This benefit can reduce tax bills by up to £252 annually, but many are unaware of their eligibility or misunderstand the requirements. Here’s a clear breakdown of the Marriage Allowance, including who can claim

With fuel prices fluctuating significantly, employers are facing increased requests from employees for mileage reimbursement rates above HMRC’s approved levels. Here’s a breakdown of the tax implications and the rules governing mileage and fuel reimbursements. Overview of Approved Mileage Rates As of the latest update in June, HMRC’s approved mileage rates for business journeys are: