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Updated HMRC guidance on Making Tax Digital
Joining date – i.e. when sole traders and property owners will need to join MTD. Notably where income is over £50k in 2024/25, the tax return for that year will be submitted as normal (submission deadline by 31 January 2026) and HMRC will then write to individuals before 6 April 2026 to confirm MTD returns are required. HMRC have updated the MTD tool (link to https://www.gov.uk/guidance/check-if-youre-eligible-for-making-tax-digital-for-income-tax). The tool can be used to ch
May 9, 20251 min read
State Pension
Contribution criteria: To receive any state pension a person needs 10 years of National Insurance contributions. 35 years of National Insurance Contributions are required to qualify for the full state pension, (presently worth £230.25 a week in 2025-26). How much do voluntary National Insurance contributions cost? The cost for voluntary contributions will depend on when the gaps occurred and whether the individual was self-employed or not in the year where a top-up is being m
Apr 24, 20251 min read
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