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Autumn Budget 2026: What Was Announced on 28 October
Chancellor John Healey delivered the Autumn Budget 2026 on Wednesday 28 October 2026. He stood up at around 12:30pm, straight after Prime Minister’s Questions, for his first Budget. The Budget documents followed once the speech ended. This article follows our preview of 8 October 2026. It covers what was actually announced and what did not…
Traded Crypto This Year? HMRC Will Be Able to See It
If you traded crypto in 2026, HMRC will soon be able to check your return against your exchange’s records. That is the plain effect of the UK’s Cryptoasset Reporting Framework, known as CARF. UK crypto exchanges have collected user and transaction data since 1 January 2026. Their first reports to HMRC fall due between 1…
275,000 Still Outside MTD: HMRC Is Signing People Up Before 7 November
More than 275,000 landlords and sole traders who should be using Making Tax Digital for Income Tax had still not signed up, six months after the scheme launched. That is the reported picture, and HMRC is now closing the gap itself. Automatic sign-up began in September 2026, and auto-enrolment letters are landing now. If you…
Director of your own company? Four new boxes on your 2025/26 tax return
If you are a director of your own limited company, your 2025/26 Self Assessment return has extra work for you. The employment pages (SA102) now include four new boxes, numbered 7.1 to 7.4, for directors of close companies. Get them wrong and a £60 penalty can follow. Here is what each box needs and how…
Spotted an error in your tax return? HMRC wants a legal duty to make you fix it
You filed your tax return. Months later you spot a mistake. A figure is wrong, income is missing, or a relief was claimed twice. Most people would fix it. But right now the law does not spell out a clear duty to do so. Draft legislation published by HMRC on 13 July 2026 would change…
HMRC Now Pre-Fills Child Benefit and Winter Fuel Payment on Your Tax Return: What to Check
HMRC has started pre-filling parts of your Self Assessment tax return for you. Around 300,000 people who pay the High Income Child Benefit Charge will now find their Child Benefit payment details already entered on their online return. Winter Fuel Payments are being pre-filled too. The change arrived in HMRC’s October announcement urging people to…
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…
