by Gareth Thomas | Oct 25, 2025 | Accounting, Business, Finance, Property, Taxes
With the cost of living still biting, many people are looking for extra income. One option is to let out a room in your home — and thanks to the Rent a Room scheme, this can be surprisingly tax efficient. How Does the Rent a Room Scheme Work? The scheme allows...
by Gareth Thomas | Jun 14, 2025 | Accounting, Business, Making Tax Digital, Taxes
The rules for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) are changing—but now with an extended timeline. If you’re a landlord or a sole trader, it’s time to take note of when you’ll need to switch to digital record-keeping and...
by Gareth Thomas | May 29, 2025 | Accounting, Business, Finance, Making Tax Digital, Taxes
After years of delays, Making Tax Digital (MTD) for Income Tax is finally on its way—and it’s going to change the way millions of self-employed individuals and landlords report their income to HMRC. The Government confirmed in the Autumn Budget 2024 that all...
by Gareth Thomas | May 17, 2025 | Business, Making Tax Digital, Property, Taxes
If you’re a landlord, big changes are on the way for how you report your rental income to HMRC. From April 2026, the Government’s Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) scheme will come into force. This means the way you keep records, report...
by Gareth Thomas | Jan 14, 2025 | Accounting, Business, Downloads, Finance, Taxes
The Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) initiative is expanding, and its phased introduction will soon impact sole traders and unincorporated landlords. If you fall into this category, it’s time to start planning ahead. Here’s everything you...
by Gareth Thomas | Dec 31, 2024 | Accounting, Business, Making Tax Digital, Taxes
It’s hard to believe, but it’s been nearly a decade since then-Chancellor George Osborne first announced the Making Tax Digital (MTD) initiative back in March 2015. The vision? To end traditional tax returns and revolutionise the tax system. While the rollout for...
by Fern Robinson | Feb 5, 2024 | Accounting, Business, Taxes
Understanding Making Tax Digital for Landlords: Key Changes and Impacts Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is set to transform how landlords and unincorporated traders manage their tax affairs starting from 6 April 2026. Initially, it...
