Self-Assessment
Budget 2026 – 4% hike in income tax on savings and property
Budget 2026 – 4% hike in income tax on savings and property Savers and landlords face higher tax on savings and property income as planned increase doubles to entry rate of 24% up to 49% for top earners The Budget sets out increases in income tax rates on savings and property income by a total…
Read MoreHMRC opening telephone lines on MTD deadline day
HMRC opening telephone lines on MTD deadline day As the second quarterly filing deadline for Making Tax Digital (MTD) for Income Tax approaches on a Saturday, HMRC phone lines will be on open. HMRC has confirmed it will provide phone support through the self-assessment general enquiries helpline on Saturday 7 November from 9am to 3pm…
Read MoreMaking Tax Digital for Income Tax: key dates and what you need to do
Making Tax Digital for Income Tax: key dates and what you need to do Making Tax Digital (MTD) for Income Tax is changing the way many sole traders and landlords report their income to HMRC. The rules already apply to people with qualifying income over £50,000, and the threshold is due to fall to £30,000…
Read MoreMaking Tax Digital: Are You a Sole Trader or Landlord Earning Over £30,000? Now Is the Time to Prepare
Making Tax Digital: Are You a Sole Trader or Landlord Earning Over £30,000? Now Is the Time to Prepare Making Tax Digital for Income Tax becomes mandatory from April 2027 for sole traders and landlords with qualifying income over £30,000. If this affects you, now is the time to get ready — and Kennedys Accounting…
Read MoreMaking Tax Digital for Income Tax: Key Dates and Deadlines for 2026–2028
Making Tax Digital for Income Tax: Key Dates and Deadlines for 2026–2028 A practical guide for sole traders and landlords on MTD thresholds, quarterly updates, tax return deadlines and penalties. Making Tax Digital (MTD) for Income Tax is changing how many sole traders and landlords keep records and report income and expenses to HMRC. Instead…
Read MoreHMRC to Automatically Sign-Up Taxpayers for Making Tax Digital: What You Need to Know
HMRC to Automatically Sign-Up Taxpayers for Making Tax Digital: What You Need to Know More than 294,000 taxpayers may still need to act—here is how sole traders and landlords can take control of their MTD obligations. HMRC has confirmed that, from September 2026, it will begin automatically signing up taxpayers who should already be using…
Read MoreHMRC’s New Tax Debt Proposals: Could Money Be Taken Directly from Your Bank Account?
HMRC’s New Tax Debt Proposals: Could Money Be Taken Directly from Your Bank Account? HMRC is consulting on plans to extend its debt-recovery powers to lower-value tax debts, potentially allowing monthly payments to be taken directly from a taxpayer’s UK bank or building society account. The proposals are intended for individuals and businesses that persistently…
Read MoreChanges in HMRC Guidance for Spotlight 63 | Kennedys Accounting
Changes in HMRC Guidance for Spotlight 63 | Kennedys Accounting Learn about the latest HMRC Spotlight 63 guidance and what it could mean for landlords and property investors. Book a confidential consultation with Kennedys Accounting today. If you’re a landlord or property investor using a hybrid partnership arrangement, it’s important to keep up to date…
Read MoreShould I Be Worried About HMRC Spotlight 63? | Kennedys Accounting
Should I Be Worried About HMRC Spotlight 63? | Kennedys Accounting Concerned about HMRC Spotlight 63? Find out whether your property structure could be affected and get expert advice from Kennedys Accounting. If you’ve used a hybrid partnership arrangement or another property tax planning structure, you may be wondering whether HMRC Spotlight 63 affects you.…
Read MoreMaking Tax Digital and Student Loans: What Sole Traders and Landlords Need to Know
Making Tax Digital and Student Loans: What Sole Traders and Landlords Need to Know If you are self-employed, a sole trader or a landlord with qualifying income above £50,000, Making Tax Digital (MTD) for Income Tax now changes how you report your figures to HMRC. If you also repay a student or postgraduate loan, there…
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