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Top Ellacotts | Banbury, Kettering and London News

Tax compliance: much more than common sense
Taxes · England

Tax compliance: much more than common sense

Keeping up to date with tax isn’t always as simple as it seems, as one taxpayer, Mr Hammant, recently found to his cost. The cost was in fact £1,200, and the expensive bill arose because Mr Hammant thought he had filed his Self Assessment tax return online, and didn’t discover that it hadn’t been submitted correctly until over a year later. Mr Hammant had signed up for paperless communication from HMRC, and not realising that anything had gone w…Read Article
Research and Development claims: What's new?
United Kingdom · United Kingdom

Research and Development claims: What's new?

To deal with high levels of error and fraud, the Research and Development (R&D) tax relief regime has been significantly reshaped since 2023, and HMRC risk assessment is now much sharper. Claimant support packages As part of its drive to make sure that companies understand the rules, HMRC is starting to email some claimant companies, on a random basis, on receipt of the R&D Claim Notification and Additional Information Form (AIF). Applicant comp…Read Article
New questions for Self Assessment tax returns
United Kingdom · United Kingdom

New questions for Self Assessment tax returns

The information required on the Self Assessment tax return will change for some taxpayers from 6 April 2025. This will impact tax returns for 2025/26 and future years. The change affects taxpayers who begin or end self-employment, and directors of close companies. Broadly speaking, a close company is a company controlled by its directors, or by five or fewer ‘participators’, such as shareholders. Most family or private companies are likely to fa…Read Article

HMRC backtracks on employee data requirement

Plans requiring employers to provide more detailed information on the hours worked by employees in their Real Time Information PAYE reporting have now been cancelled. The requirement to provide employee data was due to take effect from April 2026, and had already been postponed from April 2025. Announcing the cancellation, HMRC said: ‘The government has listened to businesses and acted on their feedback about the administrative burden the PAYE…d…England · EnglandRead Article

Off-payroll working: change to company size thresholds

The government is changing the thresholds that determine company size, in a bid to cut red tape impacting businesses. As company size plays a key role in compliance with the off-payroll working and IR35 rules, the change will also have a knock-on effect here. New thresholds The new rules alter the thresholds set out in the Companies Act 2006 and are expected to benefit up to 132,000 companies by moving them into categories with lighter-touch acc…United Kingdom · United KingdomRead Article

New Digital Tax Services Set to Save Time for Beauty Freelancers : The British Beauty Council

It could be time to say goodbye to Self Assessment, HMRC is introducing new digital tax services to make managing finances more simple From 6 April 2026, HMRC is introducing Making Tax Digital (MTD) for Income Tax which means landlords, freelancers and those who are self-employed will run their tax return online and will have to report in new ways.  Whether you are renting a chair in a salon, operating your own mobile business, or have your own …England · EnglandSee the Story

Tax among top Business concerns

The Office for National Statistics (ONS) regularly reports on how UK businesses feel about the economy, their concerns, and assessment of their performance. For some time, the most recurrent challenge cited has been how to deal with economic uncertainty. But a new trend is starting to emerge, with a growing number of businesses citing tax as a key concern for the immediate future. After falling demand, tax is the most common headache reported by…Economy · United KingdomRead Article

Spring Statement 2025: Harsher penalties for late tax payments and lower-earning landlords brought into MTD scope

The post Spring Statement 2025: Harsher penalties for late tax payments and lower-earning landlords brought into MTD scope appeared first on Mortgage Solutions.Rachel Reeves · United KingdomSee the Story

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