The first quarterly submission deadline for those affected by Making Tax Digital (MTD) for Income Tax is 7th August 2026. This submission covers the period from 6th April to 5th July 2026. MTD currently affects sole traders and landlords with qualifying business or property income over £50,000, so if that sounds like you, now is the time to make sure you’re prepared. …
If you run a limited company, there are several tax-efficient expenses that often get overlooked: Professional subscriptions & memberships Certain industry bodies, trade memberships or professional subscriptions relevant to your role can often be paid through the company as an allowable business expense. Trivial benefits Ltd companies can provide directors/employees with small gifts (like meals, wine or vouchers) within HMRC rules – without tax…
All the good things and the bad things that may be… let’s talk about it Why? Because TODAY is the deadline day for VAT returns and payments of Accounting Quarter period ending 31st December 2021. Do you need to do anything NOW? If this is your first year of submitting a VAT Return you need…