HMRC is targeting VAT-registered businesses that haven't faced a compliance check in five years — and 50% of those receiving its new nudge letters will be visited. Here's what every business owner needs to know and do right now.
HMRC has added new mandatory boxes to the 2025/26 Self Assessment for limited company directors — covering dividends, shareholding percentages and close company status. Miss them and face an automatic £60 penalty. Here’s exactly what to declare.
ICAEW is urging sole traders and landlords to sign up for Making Tax Digital for Income Tax immediately — the first quarterly update is due 7 August 2026, yet over 580,000 affected taxpayers have still not registered.
MTD for Income Tax came into force on 6 April 2026. If you are a sole trader or landlord with income above £50,000, you are now legally required to use compatible software and submit quarterly updates to HMRC. Here is what you need to do.
HMRC just exposed a £153m fraud scheme on TikTok. Two arrests made. Scammers are targeting UK business owners right now with promises of "quick cash" in exchange for tax details. Every owner needs to know about this.
HMRC wants to see every loan, dividend, and withdrawal between you and your limited company — in detail. A consultation is open right now, and most directors don't even know about it.
From 6 April 2026, Making Tax Digital for Income Tax is live. Here's what sole traders and landlords need to do right now — in plain English.
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