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...
by James Hellyer | Jun 3, 2025 | Income Tax
And why repaying private fuel to employers by 6 July 2025 matters If you drive a company car and your employer pays for your fuel, including for personal use, you could be facing a sizeable tax charge unless you repay the private fuel element by 6 July 2025. Many...
by James Hellyer | May 21, 2025 | Income Tax, Making Tax Digital
The roll-out of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA), due from April 2026 for the self-employed and landlords with income over £50,000, has reignited speculation about a fundamental shift in how and when tax is paid. Could this be the...
by James Hellyer | May 13, 2025 | Changes in legislation, Income Tax
Making Tax Digital for Income Tax: One Year to Go The UK tax landscape is on the cusp of a significant transformation. Starting 6 April 2026, sole traders and landlords with annual gross income exceeding £50,000 will be required to comply with Making Tax Digital (MTD)...
by James Hellyer | Dec 9, 2024 | Income Tax
People selling unwanted items online can continue to do so with confidence and without any new tax obligations, HM Revenue and Customs (HMRC) has confirmed. The reminder comes as online platforms start sharing sales data with HMRC from January 2025 – a new process...
by James Hellyer | Dec 4, 2024 | Income Tax
HMRC is encouraging customers to be prepared and have all the information they need ready to file their Self-Assessment tax returns early, so they can avoid any last-minute stress and know what they owe sooner. HMRC has a range of online help and support and YouTube...
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