by James Hellyer | Jun 8, 2026 | Income Tax
Many taxpayers continue to leave their Self-Assessment tax return until the final weeks before the 31 January filing deadline. Unfortunately, delaying preparation often increases stress levels, creates unnecessary pressure and reduces the opportunity to plan...
by James Hellyer | Nov 19, 2025 | Budget, Income Tax
There is growing speculation that the Chancellor may soon raise the basic rate of Income Tax from 20% to 22%. At the same time, it is thought that a corresponding 2% cut in employee National Insurance contributions could be introduced. Together, these changes would...
by James Hellyer | Sep 22, 2025 | Income Tax, Making Tax Digital
The government’s Making Tax Digital (MTD) programme is set to expand in April 2026, and it will affect many landlords and sole traders. From that date, anyone with annual business or property income above £50,000 will need to comply with the new rules. Although April...
by James Hellyer | Aug 11, 2025 | Income Tax
If your Self-Assessment required payments on account, the second instalment fell due on 31 July 2025. If it was not paid, HMRC charges late payment interest from 1 August until the amount is cleared. A late payment penalty can also arise if the tax remains unpaid 30...
by James Hellyer | Aug 11, 2025 | Income Tax
To support taxpayers, HMRC has introduced new digital services as part of its Transformation Roadmap, making it easier to manage Self-Assessment tax affairs online. What’s new? Easier registration and opt-out for Self-Assessment. Improved on-screen messages to reduce...
by James Hellyer | Jun 16, 2025 | Income Tax
Many individuals and business owners in the UK pay their tax under the Self-Assessment system, which often involves two payments on account due each year – the first in January and the second in July. These advance payments are calculated based on your previous...
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