Category: Making Tax Digitial

Tax e-News August 2025

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s edition:

This August 2025 Tax E-News provides a summary of recent tax developments. Legislation Day on July 21, 2025, saw the release of draft tax documents. Key proposals include new restrictions on inheritance tax relief for agricultural and business property from April 2026, and bringing Employee Car Ownership Schemes under benefit-in-kind rules. HMRC’s Transformation Roadmap, aiming for 90% of customer interactions to be digital by 2030, was also launched.

Regarding Making Tax Digital (MTD), HMRC is moving forward with MTD for Income Tax, set to begin on April 6, 2026. However, MTD for Corporation Tax will not be implemented. The first group of individuals to be mandated will be those with qualifying income over £50,000 in the 2024/25 tax year. Lastly, HMRC has identified an issue with some self-employed taxpayers being incorrectly charged Class 2 National Insurance contributions for 2024/25 and is working to correct these records.

Tax e-News July 2025

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s edition:

We tackle the key questions affecting business owners and individuals. Discover why the best way to extract profit from your company is no longer a simple answer, how you can get a 25% government bonus on childcare costs, and what landlords of joint properties need to know about Making Tax Digital. Read on for essential tax-planning insights.

Tax e-News March 2025

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

MAKING TAX DIGITAL FOR INCOME TAX
TIMING OF DISPOSALS AND ELECTIONS FOR CAPITAL GAINS TAX
LOAN CHARGE REVIEW – HAVE YOUR SAY!
ARE YOU TRADING?
ATED
ADVISORY FUEL RATES FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS – MARCH / APRIL 2025

Tax e-News January 2025

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

SCOTTISH AND WELSH BUDGETS
GET READY FOR MAKING TAX DIGITAL FOR INCOME TAX
CORPORATE TAX ROADMAP
PAYROLLING BENEFITS IN KIND
HMRC SCAM WARNING
DIARY OF MAIN TAX EVENTS – JANUARY/FEBRUARY 2025

Tax e-News February 2023

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

MAKING TAX DIGITAL FOR INCOME TAX DELAYED AGAIN
BUT NEW TAX YEAR BASIS GOES AHEAD
NEW VAT PENALTY REGIME
130% SUPER DEDUCTION ENDS SOON
IMPORTANT R&D CHANGES FROM APRIL 2023
WANT TO REDUCE YOUR 2021/22 TAX BILL?
DIARY OF MAIN TAX EVENTS
FEBRUARY / MARCH 2023

Tax e-News July 2022

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

CHILDCARE ACCOUNTS CAN SUBSIDISE SUMMER CAMP COSTS
PENALTIES FOR OVERCLAIMED SEISS GRANTS
REPORTING SEISS GRANTS ON 2021/22 TAX RETURNS
MTD FOR VAT – NEW GUIDANCE ON PENALTIES FOR NON-COMPLIANCE
R&D TAX CREDIT REPAYMENTS DELAYED
DIARY OF MAIN TAX EVENTS – JULY/AUGUST 2022

Tax e-News October 2021

Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.

In this month’s newsletter:

1.25% INCREASE IN NICs AND TAX ON DIVIDENDS TO FUND HEALTH AND SOCIAL CARE
DIVIDEND TAX RATES ALSO INCREASING FROM 2022/23
PLANNING ACTIONS BEFORE THE NEW RATES COMMENCE
CAPITAL ALLOWANCES ON PLANT IN RESIDENTIAL PROPERTY
MTD FOR INCOME TAX POSTPONED TO 2024/25
HMRC SUPPORT WITH CHILDCARE COSTS
ADVISORY FUEL RATE FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS OCTOBER/NOVEMBER 2021