Key changes to Income Tax administration, payments and penalties
Here's a quick take on Income Tax administration. New penalty rules, payment tweaks and MTD deferrals are coming. It's practical to plan now and avoid surprises ... Income tax administration, A dreaded task each year, But necessary for society's function With Making Tax Digital expanding, a soft landing has been announced for those joining in April 2026, meaning no penalty points for late submission of the first four quarterly updates, though the updates still need filing before a return can be submitted. There is no let-up on the end-of-year deadline, so a late 2026/27 return will still attract a penalty point, and all taxpayers get an extra 15 days before a late payment penalty is issued in their first year under the new system. This is a small but welcome nudge to improve | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Would you like to know more? |
If anything I've written in my blog post resonates with you and you'd like to discover more of my thoughts about these changes to Income Tax, then do call me on 01908 774320 and let's see how I can help you. Don't forget to stay updated with our daily social media posts on Facebook. |
Share the blog love ... | |||||||||||||||||||||||
#IncomeTax #MTD #SelfAssessment #HMRC #TaxReformsUK #UKTax |
About Roger Eddowes ... | ||
|
More blog posts for you to enjoy ... | ||
 | Could AI finally solve the UK productivity problem? For years, UK productivity has been something of an economic headache. Before the financial crisis in 2008, productivity was growing at a much healthier rate, but progress since then has been disappointingly slow ...... | |
 | New King Charles 10p coin enters circulation as Britain uses less cash There is something rather fascinating about the arrival of the new King Charles 10p coin. More than seven million are being released into circulation, meaning they should soon start appearing in our change ...... | |
 | Device theft and banking fraud: Why your phone security matters Most of us still think about mobile phone theft in terms of losing an expensive piece of technology. It is inconvenient, frustrating and potentially costly to replace, but I feel the bigger risk today is what that phone gives... | |
 | HMRC's automatic MTD sign-up starts in September HMRC has confirmed an important change for sole traders and landlords who should already be using Making Tax Digital for Income Tax but have not yet registered. From September 2026, HMRC's automatic MTD sign-up will begin ...... | |
 | Cybersecurity for businesses: Why falling behind is becoming a bigger risk Cybersecurity has been a business concern for years, but the nature of the threat is changing quickly. Artificial intelligence, increasingly sophisticated cyberattacks, and even developments in quantum computing mean business... | |
 | The cost of doing business is changing how companies operate There has been plenty of discussion about the rising cost of living, but I think we also need to pay closer attention to the rising cost of doing business. Companies are dealing with many of the same inflationary pressures as... | |
 | Key employment law changes employers need to know this August Employment law continues to evolve, and recent government consultations and tribunal decisions provide several important reminders for UK employers. From workplace monitoring technology and disciplinary procedures to unfair d... | |
 | Self employed taxpayers warned about class 2 NIC record errors HMRC has spotted errors in Class 2 NIC records affecting some self-employed people who did not register properly. The good news is that fixes are being rolled out, and some taxpayers may be able to top up gaps later. It is wo... | |
Other bloggers you may like ... | ||
 | The modern fear of being forgotten in a world thats always on Posted by Steffi Lewis on https://www.yourping.uk In the 21st century, we live in a world that never really switches off. Messages arrive instantly, shopping arrives the next day, television streams e ... | |
 | Where do corporate visitors to Milton Keynes stay? Posted by Emily Freeman on https://blog.shortstay-mk.co.uk Corporate visitors to Milton Keynes need space, privacy and easy city access. This post explains why serviced apartments beat hotels and home‑shares. ... | |
 | Building professional relationships: How to create connections that last Posted by Dave Cordle on https://blog.davecordle.co.uk Building professional relationships can make a huge difference throughout your career. The people you meet along the way can become colleagues, mentor ... | |
 | The hidden risk of working from home alone: Why daily check-ins matter Posted by Steffi Lewis on https://www.yourping.uk Working from home alone has become the norm for millions of people across the UK, offering flexibility, fewer commutes and a better work-life balance. ... | |