Spring Statement 2025 – the news behind the headlines
The Spring Statement has passed with no ‘changes to taxes’. While this statement is true, some ‘taxing’ changes have still been announced in the background. Making Tax Digital (MTD) MTD for VAT has been in place for a while and is now fast-approaching for Income Tax...
MTD for ITSA: What you need to know
Next phase of digital tax scheme to start in 2026.
HMRC updates Making Tax Digital MTD guidance
MTD non-compliance penalties also published.
Income tax basis periods reform
In the 2021 Budget. proposals to reform the income tax basis periods were confirmed. The intention was to help with the introduction of Making Tax Digital for Income Tax Self Assessment (MTD ITSA). This will affect all business who have accounting periods that do not...