#VAT I The government will increase late payment penalties for Value Added Tax (VAT) taxpayers and ITSA taxpayers as they join #MTD from April 2025 onwards, to encourage taxpayers to pay on time.

🖥️ #MakingTaxDigital I #MTD for Income Tax – the chancellor > Announced that sole traders and landlords with qualifying income over £20,000 will need to join from *April 2028*

⚡ #Directrecovery I HMRC will re-start ‘direct recovery’ of #taxdebts owed by individuals and companies who have the ability to pay but choose not to do so. > The government will also explore options to automate the process for collecting lower-value tax debts.

From 6 April 2026 the #payrolling of benefits in kind (BIKs) will be mandatory for all #employers. Read the key changes here bit.ly/4hV09zA #employees #PAYE #tax

🟠Newby Castleman announce that Caroline Walpole & Richard Buckby have been promoted to partners of the firm. These appointments will enable the independent practice to continue its partner-led support for business & individuals bit.ly/3XQZIzi

⚡️Tax Data 2025-2026 I Quick reference to the #tax rates for England, Scotland & Wales on #incometax #savings #capitalgainstax #inheritancetax #fuelbenefits #nationalinsurance #corporationtax #capitalallowances #pensions #VAT #propertytax > > bit.ly/3Y17eb4

💥Updated timing: Payrolling benefits in kind now 6 April 2027 bit.ly/4jwTnSx

💥#landlords #selfemployed > It’s finally happening - Making Tax Digital for Income Tax (MTD IT) is going live. Letters have been sent by #HMRC to taxpayers who they believe will be within the scope for #MTD IT which will be phased in from April 2026 > > bit.ly/3ZpOKBI

🔴With the 31 July tax deadline a few weeks away, this recent case on #taxcompliance and #responsibility may be of interest .. bit.ly/44SCywi Despite no tax being owed, a taxpayer was recently found to be liable for substantial penalties.

💸 Self Assessment - the second payment on account for the 2024/2025 tax year is due for payment by 31 July 2025➡️ As the 2024/25 tax year has now ended, the tax position for that year can be reviewed. Contact us here > bit.ly/3GLpLma to review your position.