Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from April 2026. If you
MTD – qualifying income
Category: Income Tax
Christmas crafters and tax
If you earn fees or sell goods as a side hustle, you may need to pay tax on your profits.
HMRC has
Paying tax arrears using HMRC payment plans
If you are unable to pay your tax bill, it’s important to reach out to HMRC as soon as possible.
HMRC
Updating your tax code
It is quite common for tax codes to be wrong, particularly if your income or employment situation has
When you don’t need to make payments on account
If you file a Self-Assessment return you may need to pay your tax in three instalments, so it is useful
Loss of personal allowance – the £100k ceiling
For the current tax year, taxpayers with adjusted net income between £100,000 and £125,140 will face an
The Marriage Allowance if circumstances change
Married couples and civil partners could save up to £252 a year by transferring part of one partner’s
What is the High Income Child Benefit Charge?
If your income exceeds £60,000 and you or your partner receive Child Benefit, you can now choose to pay
Heads up for company directors
As of April 2025, directors of close companies and self-employed taxpayers face new mandatory reporting
State benefits taxable and non-taxable
Many people rely on state benefits, but it is not always obvious which payments are taxable and which are