HMRC
Simple Assessment vs Self Assessment – How the difference affects your bill and your peace of mind
Nov 10, 2026
Those filing Self Assessment tax returns may have discovered that their 2025/26 bill is lower than anticipated or may have discovered that they are entitled to a refund. While it can be exciting if these things are true, many are caught ...
READ MORE
Undeclared medical sector consultancy income becomes latest target of HMRC intervention
Oct 06, 2026
HMRC is currently sending out letters to people conducting consultancy work in the medical sector in an effort to close part of the tax gap. Receiving a letter does not necessarily mean that you have done anything wrong, but knowing how ...
READ MORE
The most wonderful time of the year for tax savings: HMRC’s £150-a-head party exemption
Sep 24, 2026
As the winter months approach and the nights begin to roll in, many businesses start to plan and book their annual Christmas bash. What is often the most anticipated gathering of the year can also be the most expensive, so a ...
READ MORE
Sole trader vs limited company for side hustles – Which is the most tax-efficient?
Aug 20, 2026
With many individuals starting a ‘side hustle’ to supplement their salary, setting up as a sole trader or limited company is the first big decision. Whether this is selling personalised jewellery on Etsy or re-selling clothes on Vinted, any gross income ...
READ MORE
Why is keeping business and personal finances separate so important?
Aug 13, 2026
Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache. A few transactions here and there might not seem like a huge deal at first, but the blurring of the lines between business and personal spending can ...
READ MORE
First Making Tax Digital deadline looms – 400,000 people still yet to register
Jul 30, 2026
Despite the first deadline for Making Tax Digital (MTD) for Income Tax arriving on 7 August, over 400,000 qualifying landlords and sole traders have still not signed up. The total number of those who are affected by this deadline is 864,000, ...
READ MORE
Traumatic or trustworthy – Is HMRC doing enough to support taxpayers?
Jul 14, 2026
Taxpayers need to know how to comply with changing rules and many find themselves reaching out to HMRC for support and guidance. New data from HMRC reveals that, while this can be helpful, it is not a universally positive experience. With many ...
READ MORE
Paying tax as you earn it: The proposal that could reshape Self Assessment
Jul 02, 2026
Anyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it lands the following January. While Making Tax Digital (MTD) for Income Tax hasn’t changed when and ...
READ MORE
Small businesses could face publication of P&L accounts from 2028 – with a caveat
Jun 11, 2026
Following months of delays and uncertainty, the Government has confirmed that small businesses in the UK will be required to file balance sheet and profit and loss (P&L) accounts with Companies House. The new changes will impact small companies and micro-entities ...
READ MORE
P11D Deadline 2026: What employers need to do now
May 07, 2026
If you provided any taxable benefits to employees or directors during the 2025/26 tax year, such as company cars, private medical insurance, beneficial loans, gym memberships, or living accommodation, the P11D deadline should be in your sights. For the 2025/26 tax ...
READ MORE
© Walker Begley 2024. All rights reserved. Regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Registered in England and Wales no. 5280582
- Privacy
- Terms & Conditions
- VAT number: 107 1775 25
- The information required by the ‘Provision of Services Regulations’ is on display at our office.