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Making Tax Digital for Income Tax is one of the biggest changes to the UK tax system in recent years. From April 2026, many self-employed individuals and landlords will need to keep digital records and submit quarterly updates to HM Revenue & Customs instead of relying solely on an annual Self Assessment return. In this comprehensive guide, we explain who will need to comply, when the rules come into effect, what the income thresholds are, and how quarterly reporting will work in practice. We also cover key questions about software, digital record-keeping, penalties, and how the changes may affect small businesses, contractors, and landlords. Whether you are already using accounting software or still relying on spreadsheets or paper records, this article will help you understand what MTD means for your business and how to prepare well in advance of the new rules.

The 2025 Budget brought major shifts for SMEs and business owners. Tax thresholds are frozen until 2030–31, meaning more people will drift into higher tax bands as wages rise. Dividend, savings and rental income tax rates are set to increase, reducing the benefits of the classic “low salary + dividends” strategy used by many directors and contractors. Overall, SMEs face higher tax burdens, increased payroll costs, and reduced incentives for traditional profit-extraction methods. Now is the time for business owners and contractors to reassess remuneration, pension planning and business structure.

VAT can feel like a maze for car dealers, especially when trade-ins, margin schemes, and imports are involved. This guide breaks it down in plain English, with real-life stories and case studies from UK dealerships. Learn how VAT really works in the motor trade, what mistakes to avoid, and how to make the right choices when buying or selling cars.

Thinking of buying property through a limited company? This guide breaks down the tax benefits, mortgage considerations, and potential pitfalls of corporate property ownership. Learn how rental profits are taxed, whether mortgage interest is deductible, how inheritance and stamp duty are affected, and what costs to expect. Perfect for landlords and investors looking to make informed property decisions.