HMRC | Acuaccounts https://www.acuaccounts.com Tue, 17 Mar 2026 10:47:19 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.5 Making Tax Digital for Income Tax: What Sole Traders and Landlords Need to Know Before April 2026 (UPDATED MARCH 2026) https://www.acuaccounts.com/making-tax-digital-for-income-tax-what-sole-traders-and-landlords-need-to-know-before-april-2026/?utm_source=rss&utm_medium=rss&utm_campaign=making-tax-digital-for-income-tax-what-sole-traders-and-landlords-need-to-know-before-april-2026 https://www.acuaccounts.com/making-tax-digital-for-income-tax-what-sole-traders-and-landlords-need-to-know-before-april-2026/#respond Wed, 19 Nov 2025 20:24:30 +0000 https://www.acuaccounts.com/?p=215637 PLEASE NOTE: This article was updated in March 2026 to reflect the latest developments in Making Tax Digital for Income Tax. From April 2026, a significant change to the UK tax system comes into effect. Making Tax Digital for Income Tax Self Assessment (MTD ITSA) will become mandatory for individuals with £50,000 or more in […]

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]]> https://www.acuaccounts.com/making-tax-digital-for-income-tax-what-sole-traders-and-landlords-need-to-know-before-april-2026/feed/ 0 How to successfully navigate UK business accounting, taxes and payroll in 2023 https://www.acuaccounts.com/how-to-successfully-navigate-uk-business-accounting-taxes-and-payroll-in-2023/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-successfully-navigate-uk-business-accounting-taxes-and-payroll-in-2023 https://www.acuaccounts.com/how-to-successfully-navigate-uk-business-accounting-taxes-and-payroll-in-2023/#respond Wed, 21 Dec 2022 20:22:10 +0000 https://www.acuaccounts.com/?p=215546 The 2022 Autumn Statement by chancellor Jeremy Hunt reversed several policies introduced with the previous mini-budget by his predecessor Kwasi Kwarteng, as well as changing several thresholds that apply to businesses and the self-employed. The autumn budget freezes the VAT threshold for businesses at £85,000, which with the current price rises will likely make VAT […]

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]]> https://www.acuaccounts.com/how-to-successfully-navigate-uk-business-accounting-taxes-and-payroll-in-2023/feed/ 0 How to file for your next self assessment https://www.acuaccounts.com/how-to-file-for-your-next-self-assessment/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-file-for-your-next-self-assessment https://www.acuaccounts.com/how-to-file-for-your-next-self-assessment/#respond Mon, 07 Dec 2020 23:46:44 +0000 https://www.acuaccounts.com/?p=215364 Self assessment is how HM Revenue and Customs (HMRC) collects income tax not automatically deducted from wages, pensions and savings. People and businesses with other income must report it in a tax return. Company directors, self-employed or members of partnerships need to file for self assessment. Likewise, if you have made additional untaxed income of […]

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]]> https://www.acuaccounts.com/how-to-file-for-your-next-self-assessment/feed/ 0 Government Nov 5th Update: Furlough extended to March 2021, more grants and increased self-employed support https://www.acuaccounts.com/government-nov-5th-support-update-furlough-extended-to-march-2021-and-increased-self-employed-support/?utm_source=rss&utm_medium=rss&utm_campaign=government-nov-5th-support-update-furlough-extended-to-march-2021-and-increased-self-employed-support https://www.acuaccounts.com/government-nov-5th-support-update-furlough-extended-to-march-2021-and-increased-self-employed-support/#respond Fri, 06 Nov 2020 00:21:53 +0000 https://www.acuaccounts.com/?p=215355 As England goes back into a national lockdown this November the chancellor has announced a new series of measures increasing the support previously announced with the Winter Economic Plan which included the following highlights: Extension of the Coronavirus Job Retention Scheme further (the furlough scheme), until the end of March Job Retention Bonus of £1,000 […]

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]]> https://www.acuaccounts.com/government-nov-5th-support-update-furlough-extended-to-march-2021-and-increased-self-employed-support/feed/ 0 What you need to know about the Winter Economic Plan: Job Support Scheme | SEISS | Kickstart Scheme | Bounce Back Loans https://www.acuaccounts.com/what-you-need-to-know-about-the-winter-economic-plan-job-support-scheme-seiss-kickstart-scheme-bounce-back-loans/?utm_source=rss&utm_medium=rss&utm_campaign=what-you-need-to-know-about-the-winter-economic-plan-job-support-scheme-seiss-kickstart-scheme-bounce-back-loans https://www.acuaccounts.com/what-you-need-to-know-about-the-winter-economic-plan-job-support-scheme-seiss-kickstart-scheme-bounce-back-loans/#respond Thu, 08 Oct 2020 08:37:44 +0000 https://www.acuaccounts.com/?p=215335 Please see our latest blog article for the more recent updates from the chancellor’s statement on November 5th, 2020 The chancellor announced on September 24th 2020 a series of measures as part of the Winter economic plan with the aim to protect jobs and support businesses over the coming winter months. Central to the plan is a […]

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]]> https://www.acuaccounts.com/what-you-need-to-know-about-the-winter-economic-plan-job-support-scheme-seiss-kickstart-scheme-bounce-back-loans/feed/ 0 Making Tax Digital – Deadline Approaching https://www.acuaccounts.com/making-tax-digital-deadline-approaching/?utm_source=rss&utm_medium=rss&utm_campaign=making-tax-digital-deadline-approaching https://www.acuaccounts.com/making-tax-digital-deadline-approaching/#respond Fri, 08 Feb 2019 11:46:54 +0000 https://www.acuaccounts.com/?p=215263 You may have seen previous blogs or newsletters from us regarding Making Tax Digital (MTD). However, here is a reminder.   What is MTD? Making Tax Digital is an attempt made by the HMRC to do exactly what the name suggests. Currently, once a year, businesses have to file one headache of a document but […]

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]]> https://www.acuaccounts.com/making-tax-digital-deadline-approaching/feed/ 0 Self-Assessment Tips and Advice https://www.acuaccounts.com/self-assessment-tips-and-advice/?utm_source=rss&utm_medium=rss&utm_campaign=self-assessment-tips-and-advice https://www.acuaccounts.com/self-assessment-tips-and-advice/#respond Mon, 14 Jan 2019 16:46:35 +0000 https://www.acuaccounts.com/?p=215258 If you’re not used to filing self-assessment tax returns, they can seem like a minefield. Here are a few tips from our team:   DO get yourself registered for the self-assessment system. You’ll need a Unique Taxpayer Reference (UTR) number, and they’ll only send it by post. It can take a while, so don’t wind […]

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