Latest posts
HMRC’s Second Wave of Tax Letters: What a Simple Assessment Means and How to Avoid Paying Twice
HMRC is sending a second wave of Simple Assessment letters between October and December 2026. If one lands on your doormat, do not ignore it, and do not pay it straight away without checking. The new letter shows your whole year’s tax bill, and it can include amounts you have already paid. This is the…
One in Three MTD Tools Still Cannot File Full Returns: What to Check Before the 7 November Update
Choosing software is the single most important decision in Making Tax Digital for Income Tax. Pick wrong and you could discover, months later, that your tool cannot actually file your tax return. Fresh analysis of HMRC’s own software list shows the scale of the trap. Of 128 products listed for property income, 44 cannot file…
HMRC Says Six Months to Go: £30k+ Traders Urged to Sign Up for MTD Now
HMRC says six months to go until MTD for Income Tax reaches sole traders and landlords with turnover over £30,000. Who is affected, how the turnover test works, and why signing up now pays off.
Autumn Budget 2026 Preview: What to Expect on 28 October
The Autumn Budget lands on Wednesday 28 October 2026. Chancellor John Healey will stand up at around 12:30pm, straight after Prime Minister’s Questions. It is his first Budget, and the first under Prime Minister Andy Burnham. The Chancellor confirms nothing until the speech. But we already know a lot, and some changes traditionally take effect…
MTD Penalty Points Explained: What Happens When You Miss a Quarterly Update
Making Tax Digital for Income Tax is live. If you are self-employed or a landlord with qualifying income over £50,000, you now send quarterly updates to HMRC, and missing one has consequences. This year, 2026/27, is a soft-landing year: HMRC will not apply penalty points for late quarterly updates. But the system bites in full…
Missed the 5 October Self Assessment Registration Deadline? Here’s What to Do Now
The 5 October deadline has passed. If you needed to register for Self Assessment for the first time for the 2025/26 tax year and didn’t, don’t panic. You can still fix it, but you should act today. Here is what missing the deadline means, how to register late, and which penalties you may face. What…
MTD £30k Threshold from April 2027: Are You Caught Next?
Making Tax Digital for Income Tax starts in April 2026 for those earning over £50,000. But a second wave follows fast. From April 2027, the threshold drops to over £30,000. If your self-employed or rental income sits between £30,000 and £50,000, MTD is coming for you. Here is what that means and what to do…
Self Assessment Paper Deadline 31 October: What to Do Now
If you still file your Self Assessment tax return on paper, time is running out. HMRC must receive your paper return for the 2025/26 tax year by 31 October 2026. Miss that date and you face a late filing penalty. The good news: you can still file online instead. Here is what you need to…
Your Second MTD Quarterly Update Is Due 7 November: What to Do Now
If you use Making Tax Digital for Income Tax, your next deadline is close. Your second quarterly update is due by 7 November 2026. It covers the period ending 5 October 2026. Industry body Propertymark is urging landlords and sole traders to get ready now. Before the deadline, check that your records are up to…
