Not everyone is required to follow the new Making Tax Digital for income tax rules, even if their gross income exceeds one of the Making Tax Digital thresholds. There are various exemptions and deferrals that apply, and we explain these below. 

Making Tax Digital for income tax affects individuals who have specific types of income above a certain threshold. This guidance covers who must use the new Making Tax Digital reporting system. 

Making Tax Digital for income tax is a new system for recording and reporting income and expenses for some people who are self-employed and/or receive property income, and for completing their annual tax return.

HMRC have identified certain taxpayers who they think included provisional figures or ‘round sum’ estimates in their self assessment tax return for 2024/25. HMRC have been sending out letters and follow-up text messages to some taxpayers who have not submitted a revised tax return including ...

Adjusted net income is a calculation of income used to identify the amount of some tax allowances and/or whether you or your partner will need to pay the high income child benefit charge.

This week is the first ever Tax Awareness Week from the Chartered Institute of Taxation and Association of Taxation Technicians. To mark this, we are sharing a summary of the resources available on the LITRG website that can help people understand their tax obligations.