MTD and other HMRC topics
Updates and News to tax regulations from HMRC. How to stay compliant and avoid costs, Tax planning and budgeting
by Steffen Kemmerzehl, MAAT, AATQB – see The Accounting Hub Getting a Mortgage: How an accountant can help Applying for a mortgage is not only about how much you earn. It is also about having clear, accurate financial information that helps lenders understand your circumstances. This can be especially important if you are self-employed, run …
The UK tax system is getting more digital, and two key changes are on the horizon: the mandatory payrolling of Benefits in Kind (BIKs) and the wider rollout of Making Tax Digital (MTD). Whether you’re a business, charity, sole trader or landlord, understanding these developments now will make compliance easier in the years ahead. What …
Read more “Benefits in Kind and Making Tax Digital – What UK Businesses and Charities Need to Know”
The Autumn 2025 Budget introduced several updates to the VAT system that will matter to many UK businesses. Some are helpful, some require attention, and all are worth understanding early. Below is a clear, client-focused overview that keeps things simple and practical. At Friendly Assist Accountancy, we combine local expertise with extensive international experience. Whether …
Read more “VAT Made Simple: How Friendly Assist Accountancy Helps You Stay Compliant and Save Time”
See our weekly workshop Tax made Simple Running a small business is hard work — whether you are based in the North East, working with overseas clients, or living in the UK with international income. When margins are tight and tax rules are complex, every pound really does count. Get our Tax Savings Guide here. …
Read more “Smart & Practical Ways for Local Businesses to Save Money”
Why Qualified Accountants Matter More Than Ever Across the UK, small businesses and individuals are being targeted by unregulated tax advisers promising quick refunds or cheap returns. While the offer sounds appealing, many clients are later discovering missing refunds, unexpected HMRC penalties, or even fraud. Recent warnings from the Institute of Chartered Accountants in England …
Making Tax Digital (MTD) for Income Tax: What You Need to Know Now At Friendly Assist Accountancy, we’re keen to make you fully aware of Making Tax Digital for Income Tax (more usually called MTD ITSA). This is an important shift in the manner sole traders, landlords, and other self-assessment taxpayers must record and report …