MTD for sole traders and land lords MTD for Sole Traders The UK tax system is evolving, and Making Tax Digital (MTD) is at the centre of this transformation. Introduced by HM Revenue & Customs, MTD is designed to simplify tax reporting and improve accuracy by moving everything to a digital platform. At Horizon & […]
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UK Tax Year 2026: Essential Actions for Businesses and Individuals Why April 2026 Is a Critical Time The UK tax year 2026 begins on 6 April, and this year marks a major shift in tax rules, compliance, and reporting. With Making Tax Digital (MTD) now mandatory for Income Tax, higher dividend taxes, tighter reliefs, stricter
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Digital-Only Tax Filing 2026: Why Paper Accounts Are Being Phased Out and What Software You Need Digital-Only Tax Filing 2026 Digital‑Only Tax Filing 2026 UK , the UK is moving towards a fully digital tax system. Both Companies House and HMRC are introducing major reforms that will require businesses to move away from paper-based filings
Payroll and Employment Law Changes 2026 UK: What Employers Must Update Before Year-End Payroll and Employment Law Changes 2026 UK The Payroll and Employment Law Changes 2026 UK represent one of the most significant reforms to workplace regulation in decades. Employers across the United Kingdom must now adapt to multiple updates, including reforms to Statutory
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New Companies House rules affecting company formation in the UK. Company Formation 2026 UK: How New Companies House Fees and Rules Impact Startups The process of Company Formation 2026 UK has changed significantly following major updates introduced by Companies House from 1 February 2026. These updates include higher filing fees, stricter registration requirements, and stronger
Inheritance Tax Changes in 2026: How the New APR & BPR Caps Affect Business Owners Inheritance Tax Changes in 2026 From 6 April 2026, the UK government will introduce significant reforms to inheritance tax rules. Under the new policy, Agricultural Property Relief (APR) and Business Property Relief (BPR) will be subject to a £2.5 million
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Dividend Tax Increase 2026 UK: What Company Directors Should Do Now Dividend Tax Increase 2026 UK: What Company Directors Should Do Now From April 2026, UK company directors will face higher dividend tax rates, which could significantly affect their overall income strategy. The Dividend Tax Increase 2026 UK means that directors who rely heavily on
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Why Your Business NEEDS Monthly Bookkeeping — Not Just Year‑End Accounts Why Your Business Needs Monthly Bookkeeping (Not Just Year-End Accounts) Many UK business owners believe accounting is something to handle only at year-end. However, relying solely on annual accounts can create cash flow issues, tax surprises, compliance risks, and missed financial opportunities.Monthly Bookkeeping provides
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Missed the 31 January deadline? Self-Assessment late filing penalty 2026 Self Assessment Late Filing Penalty 2026: What Happens After Missing 31 January Missing the 31 January Self Assessment deadline can feel stressful, and with HMRC applying penalties automatically, many taxpayers are worried about what comes next. If you missed the deadline for the 2024/25 tax
how to prepare for the self assessment deadline without the stress For many business owners, freelancers, and landlords, January isn’t just the start of a new year; it’s the peak of “tax season.” The 31st January Self-Assessment deadline often looms like a dark cloud over the festive period. However, filing your tax return doesn’t have
