Date posted: 2nd Feb 2026
At the Budget on 26 November 2025, the Chancellor announced that the dividend ordinary rate and the dividend upper rate are to rise by two percentage points from…
Date posted: 2nd Feb 2026
Unincorporated landlords who had combined property and trading income in 2024/25 of £50,000 or more must comply with Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA)…
Date posted: 2nd Feb 2026
Unincorporated landlords pay income tax on the profits of their property rental business. This is currently at the normal income tax rates. However, this is set to change…
Date posted: 2nd Feb 2026
If you did not submit your 2024/25 Self Assessment tax return by the 31 January 2026 deadline, you’re likely to receive a £100 HMRC late filing penalty — even if you didn’t owe…
Date posted: 6th Jan 2026
We are currently helping a number of new clients with the disclosure of rental income from older tax years, following a letter from HMRC indicating that they may…
Date posted: 6th Jan 2026
Unfortunately, tenants (and their pets) may cause damage to a rental property. Where this is the case, the landlord may be left to repair the damage and pick…
Date posted: 6th Jan 2026
Are you exempt from MTD for ITSA? Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is mandatory from 6 April 2026 for self-employed traders and…
Date posted: 6th Jan 2026
A director’s loan account is simply a means of keeping track of transactions between the director and the company of which they are a director. Where the company…
Date posted: 6th Jan 2026
It used to be possible to report errors in a VAT return to HMRC on form VAT652. This is no longer the case; form VAT652 was withdrawn from…
Date posted: 6th Jan 2026
HMRC publishes fuel-only rates for company cars. These rates are updated quarterly and have two main uses: Reimbursing employees for business travel in a company car Reimbursing the…
