HM Revenue and Customs (HMRC) use the Self Assessment system to collect income tax. While the idea of submitting a tax return can be daunting, Self Assessment is normally more straightforward than it seems (once you get past the terminology). Who needs to complete a Self Assessment tax return? In most cases, anyone who…
Making Tax Digital, or MTD, is the government’s plan to improve the way that businesses record and report their tax. The rules are already in place for VAT registered businesses, and from April 2026 will expand to include Self Assessment. The changes mean that self-employed people and landlords earning over £50,000 a year must be…
Let’s start this with another question. Should you be talking to your clients about Making Tax Digital for Income Tax Self Assessment (ITSA)? Guidance around it is still fairly generic, so it’s difficult to offer clients much in the way of detail. But, the internet is slowly filling with articles rehashing what little is known…
