How Does Making Tax Digital Affect Landlords?

How Does Making Tax Digital Affect Landlords?

Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is going to transform the way landlords and business owners report what they earn to HMRC. Despite the confusing acronyms, it’s vital that business owners and landlords familiarise themselves with Making Tax Digital and what it means for them, so they can be fully compliant…

The New Points-Based Penalties for Making Tax Digital for VAT

The New Points-Based Penalties for Making Tax Digital for VAT

Making Tax Digital (MTD) for VAT is in full swing, and HMRC will soon launch a new system for issuing VAT submission and payment penalties. The new points-based penalty system for Making Tax Digital for VAT will apply from January 2023. You can still be fined under the existing rules until then! Will I be…

Authorising_a_Tax_Agent_to_Act_on_Your_Behalf

Authorising a Tax Agent to Act on Your Behalf

Running your own business is very exciting, but there are some aspects that perhaps you could do without. For many people, one of these is dealing with HMRC. Quite apart from the dread of another brown envelope dropping through the letterbox, there are the deadlines, and the fact that HMRC seem to speak another language…

MTD_for_Income_Tax_Self_Assessment_for_Businesses_and_Landlords

Making Tax Digital for Income Tax Self Assessment (ITSA)

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…