Sole traders and landlords earning over £50,000 will need to keep digital records and submit updates to HMRC four times a year. Mansion tax and private jet levy to be introduced in Scotland Self-employed workers and landlords across the UK are facing a major shake-up to the tax system from today, April 6, as Making
Making Tax Digital is a new way for you to manage tax records digitally and submit updates to HMRC HMRC tax rules are changing for sole traders and landlords earning over £50,000(Image: coldsnowstorm via Getty Images) Millions of people will have to follow new rules for submitting their tax returns to HMRC from today. Making
A new tax reporting requirement comes into force on 6 April 2026, as HM Revenue & Customs (HMRC) rolls out Making Tax Digital (MTD) for Income Tax. Self-employed workers and landlords with qualifying income above £50,000 must now keep digital records and submit quarterly updates, replacing the traditional annual self-assessment system for this group. The
A new inheritance tax regime for UK farms and family businesses comes into force on Monday and will present “significant challenges” for those affected, according to accountants. In October 2024 the government announced plans to levy inheritance tax on farms – prompting an outcry in many quarters. After months of pressure from campaigners and MPs
Millions of households face council tax increases this April, but experts warn challenging your council tax band could backfire Bills are rising for most this month(Image: John Lamb via Getty Images) Millions of households are bracing for a council tax shock this April, with bills soaring by up to 10 per cent in certain parts
Millions of people are facing higher bills as a result of a ‘stealth tax’ with one expert saying ‘HMRC will be getting out the bunting to celebrate’ 03:30, 06 Apr 2026Updated 08:18, 06 Apr 2026 Analysis indicates basic-rate taxpayers could be paying up to £700.36 more(Image: Thana Prasongsin via Getty Images) Millions of employees, pensioners
The tax system is gradually expanding with some people changing from April 2026 HMRC has clarified who needs to start using a new system(Image: Getty) HMRC has outlined its rules as numerous taxpayers must begin using a new system. The new digital platform is being rolled out progressively over the next few years. The issue
Dividends are paid to investors who own shares in a company – they are a distribution of the profits a company has made. If you hold shares outside of a stocks and shares Isa, you’ll have to pay tax on the dividends you earn if they exceed your dividend allowance (£500 in 2024-25, 2025-26 and
Around two million married couples are missing out on Marriage Allowance tax relief worth up to £252 per year – and you can backdate claims for up to four years to get £1,260 back Alex Evans Deputy Audience Editor and Niamh Kirk Lifestyle Writer 14:10, 05 Apr 2026Updated 14:14, 05 Apr 2026 Couples may be
Council tax bills will be rising by 4.9 per cent this April Many households may be able to lower their council tax bill(Image: GETTY) Council tax bills are rising in April by 4.9 per cent on average for households across England, which is surpassing current inflation rates. This will see the average Band D bill