UHY Ross Brooke Chartered Accountants
Last week, HMRC confirmed that, from September 2026, they will sign up taxpayers who are required to use Making Tax Digital (MTD) for Income Tax for 2026-27, but who have not yet registered for the service themselves. They have now published guidance setting out the steps affected individuals should take.
Under Making Tax Digital (MTD) for Income Tax, sole traders and landlords with income of more than £50,000 have been required to keep digital records and send quarterly updates to HMRC since 6 April 2026. The first quarterly submission deadline, covering the first three months of the 2026-27 tax year,
Payroll looks simple from the outside. Log the hours, run the numbers, pay the people. In reality, it’s one of the most rule-heavy parts of running a business, and the rules change constantly. As head of our payroll bureau, I see the same five issues catch out well-meaning business owners
This issue explores a range of developments shaping the tax landscape for individuals and businesses alike. HMRC continues to increase its scrutiny in several key areas, from close companies and Business Asset Disposal Relief claims to R&D tax relief. Wider legislative and accounting changes are creating new considerations for business owners
Ten staff, one pay date, one spreadsheet. Simple. Then the business grows, and that same spreadsheet grows ten tabs, three sets of formulas, and one person who understands how it all fits together. If that person is off sick on pay day, you have a problem. This is what growth
Most businesses using Xero are only scratching the surface of what the software can do. The right setup and a few targeted changes can reduce manual admin, speed up invoicing and give business owners better visibility over their finances. By Sarah Hardy If you use Xero in your business, it
Keeping up with tax and regulatory change is no small task. The June 2026 edition of ‘In the know: tax’ brings together the key developments businesses and individuals need to be aware of right now, clearly explained and with practical guidance on next steps. This edition covers a wide range
With Making Tax Digital (MTD) for Income Tax coming into force from 6 April 2026, HM Revenue & Customs (HMRC) have been writing to taxpayers over recent weeks to tell them that they are being mandated into the regime. MTD became mandatory from 6 April 2026 for sole traders and
Many business owners are searching for answers about Making Tax Digital for sole traders. In April 2026, HMRC introduced new reporting rules for self employed individuals under MTD for Income Tax. If you run a business as a sole trader, you may need to change how you keep records and
One of the first questions people ask when preparing for Making Tax Digital is which accounting software they should use. HMRC requires taxpayers within MTD to keep digital records and submit updates using MTD compatible software. Selecting the right system can make the process much easier. What should MTD software