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Hidden MTD news in Spring Statement documents

Thye Chancellor kept her pledge that there would be no more tax rises at the Spring Statement, but there are some important Making Tax Digital developments.

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HMRC MTD ITSA webinar - worth a look?

Making Tax Digital will be mandatory for some traders and landlords next year. Ahead of this, the government is ramping up its guidance to help you get ready.

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Relaxation of self-assessment threshold

HMRC has promised a change to the threshold at which self-employed taxpayers need to complete a tax return. What do we know so far?

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HMRC and Companies House to scrap free filing services

From April 2026 companies won't be able to file their tax returns and accounts using the HMRC and Companies House free-to-use service.

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Recycling your pension fund to finance your business

Use your pension savings to raise tax-efficient cash for your business.

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Government seeks views on inheritance tax changes for trusts

The government has opened a consultation on the application of the £1m allowance for property settled into trust qualifying for 100% property relief.

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AI being used in tax scams?

Tax scams are increasing in number and sophistication, possibly aided by AI. HMRC has updated its guidance on how to spot them. What's the full story?

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Have your say on e-invoicing

The government is seeking views on the standardisation of electronic invoicing. Why, and how can you join the consultation?

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Pension tax relief can now be claimed online

Higher and additional rate taxpayers can use a new online form to claim additional tax relief on pension contributions. Can you accelerate relief?

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Late payment interest rates changed again

Late payment interest rates on underpaid taxes will soon decrease again due to the recent reduction in the Bank of England's base rate.

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Directors' bonuses - keeping tax to a minimum

Your firm's current financial year ends soon. You're considering paying a bonus to the directors to reduce the company's corporation tax bill.

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No reduction to assessment due to lack of evidence

The tax tribunal has ruled that discovery assessments could not be reduced for working from home during lockdown and other expenses due to lack of evidence.

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Self-employed set for penalty reprieve

Missed the 31 January filing deadline last week? HMRC has announced that the penalty won't be enforced for the self-employed, but only in limited circumstances.

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Are employer pension contributions still worth it?

Does the potential inheritance tax charge on pensions that will apply from April 2027 mean that employer pension contributions are a tax break of the past?

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Court of Appeal shuns Upper Tribunal's interpretation of salaried members rules

The Court of Appeal has sided with HMRC regarding the definition of "significant influence" in respect of the salaried members rules. What happened?

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Chancellor set to tone down non-dom reform?

Domicile will no longer be a relevant factor in an individual's tax status from April 2025.

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HMRC relaxes MTD rules for joint property owners

HMRC guidance confirms two MTD easements for joint property owners but a third previously available to self-assessment users is missing.

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HMRC deliberately cutting off calls?

The Public Accounts Committee (PAC) has severely criticised HMRC's customer service, forcing it to make a public statement. What's the full story?

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Extracting extra income from your company

Christmas bills and tax due? Explore tax-efficient company payouts.

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Russian hedge fund manager loses £484k SDLT case

Ex-bacon factory deemed suitable for dwelling, no SDLT relief granted.

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