Category: Tax

MTD for Income Tax Self-Assessment: What you need to know

Making Tax Digital for Income Tax (MTD for ITSA) starts on 6 April 2026. MTD for Income Tax Self-Assessment is one of the biggest changes to UK tax reporting in decades. From 6 April 2026, many self employed individuals and landlords will need to submit quarterly digital updates instead of a single annual tax return.…
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The VAT registration conundrum: Should I, or shouldn’t I?

VAT is a tax that is charged on goods and services in the UK. Many businesses are required to register for VAT if their turnover exceeds a certain threshold, but there are some benefits and drawbacks to being VAT registered.