Swiss Bourse Turns to Smaller UK Exchange for Trade Tech Revamp
7 Articles
7 Articles
Making Tax Digital for Income Tax – Important Self Assessment changes | Randall & Payne
HMRC will roll out the first phase of Making Tax Digital for Income Tax (MTD for IT) next year, the latest step in the government’s plan to modernise the UK tax system. Those impacted will need to comply with new regulations, including keeping digital records and submitting quarterly updates to HMRC using MTD-compatible software. Who is affected? These rules will affect sole traders and individuals with rental income, whose ‘qualifying income’ i…
Making Tax Digital timetable criticised
One of the measures announced in the recent Spring Statement was the Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) timetable. Chancellor of the Exchequer, Rachel Reeves, said that it will be expanded to include a wider range of smaller sized businesses, with the year it becomes mandatory determined by earnings. For example: April 2026 – self-employed individuals and landlords earning more than £50,000 April 2027 – those earning…


Labour introduces harsher penalties for late taxpayers
The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). With the Government confirming an extension to sole traders and landlords earning more than £20,000 from April 2028, a lot more taxpayers – an estimated 900,000 – will need to pay tax via MTD for ITSA. Under the current rules, you will not receive a penalty if you pay your tax within the first …
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