The start of the new tax year warrants as much planning as the end of the old tax year. While the end of the tax year on 5 April is a major focus of tax…
Another Day, Another Validation Order…………
Another successful validation order obtained for our client. Many thanks to Kartikeya Sharma of 23ES for a brilliant job articulating what was a challenging case! Photo by GR Stocks on Unsplash
Late payment interest warning
A warning for the 1.1 million taxpayers who missed the 31 January filing deadline. It isn’t just penalties you will be incurring for subsequent late payment, but also late payment interest. A record amount of…
Heads Up: New Reporting Requirements for Dividend Data
Starting with the 2025/26 tax year, directors of close companies (owner-managed companies) will need to separate the dividend income received from their companies. This change will have an impact on almost 900,000 directors. In very…
Overseas workday relief set to improve
Employees coming to work in the UK should see an improvement in the new version of overseas workday relief set to be introduced from 6 April 2025. Current system Under the current system of overseas…
What’s new on MTD?
A busy start for HMRC on Making Tax Digital (MTD) for 2025 with focus falling on new guidance for three-line accounts and joint property income. Self-employed individuals and landlords with an annual income of more…