MTD for Income Tax – are you affected?

by | Mar 26, 2026 | Income Tax

If you have not yet checked whether you need to use Making Tax Digital (MTD) for Income Tax, now is the time to urgently see if you are affected. The Income Tax reporting requirements for some self-employed individuals and landlords will change significantly from 6...

Estimate your Income Tax for the current tax year

by | Mar 19, 2026 | Income Tax

If you are concerned by the continuing pressures on your take-home pay and need some certainty on your Income Tax liability, the HMRC calculator available at https://www.gov.uk/estimate-income-tax can be helpful.  Alternatively, if you believe you may have...

How long should you keep your tax records

by | Mar 19, 2026 | Income Tax

Following the deadline for submission of self-assessment tax returns for the 2024–25 tax year, it is a useful time to revisit the rules on how long you should keep your tax records. There are no strict requirements for how records must be kept, but they...

The Rent a Room Scheme

by | Mar 19, 2026 | Income Tax

The Rent a Room Scheme is a set of special rules designed to help homeowners who rent out a room in their home, creating a potentially valuable tax-free income stream. Under the scheme, rent received from lodgers during the tax year is tax-free up to £7,500. The...