HMRC are currently sending letters to unrepresented taxpayers who they think may be required to follow the new Making Tax Digital for Income Tax rules from April 2026. Read on for more information on what to do next if you receive one of these letters.
Some lease transactions in Scotland are subject to land and buildings transaction tax (LBTT). If you are the tenant of a notifiable lease of a commercial property in Scotland, and the lease was granted on or after 1 April 2015, then you must submit three-yearly lease review returns to Revenue ...
Following the Chancellor’s loan charge update at the recent Budget, a number of documents have been published that give some indication of next steps.
We have refreshed our guidance on the rent-a-room scheme to provide clearer information about how the relief works if you need to file a tax return for any other reason. This update is designed to help you understand how to complete your self assessment tax return correctly.
After much speculation, the Chancellor finally delivered her long awaited 2025 Autumn Budget statement on 26 November. In this article, we set out some of the measures that are likely to impact on individuals - in particular, those on lower incomes.
LITRG welcomes today’s announcement that taxpayers who are required to take part in Making Tax Digital (MTD) for Income Tax from next April will not be charged penalty points if they fail to submit any of their compulsory quarterly updates of income and expenses late during the first 12 months.