HMRC has published guidance defining the types of self-employment and property income that are subject to the Making Tax Digital for Income Tax rules. The guidance helps self-employed individuals and landlords determine whether their income meets the qualifying threshold for mandatory digital reporting requirements. This clarification ensures affected taxpayers understand their MTD obligations and can maintain compliant tax records.
Source: HMRC (GOV.UK) – Read the original
The Individual Savings Account (Amendment) Regulations 2026 proposes raising the annual Cash ISA subscription limit for investors under 65 years old to £12,000, effective from 6 April 2027. This represents a change to the existing allowance for cash-based individual savings accounts in the UK. The regulation is currently subject to technical consultation before finalisation.
Source: HMRC (GOV.UK) – Read the original
HMRC has published guidance on the procedures for taxpayers to add new income sources or remove existing ones within the Making Tax Digital for Income Tax system. The guidance explains the process for managing multiple income streams within the MTD framework. This affects self-employed individuals and other income tax filers who are required to use the Making Tax Digital system.
Source: HMRC (GOV.UK) – Read the original
HMRC has published a consolidated help and support guide for businesses and individuals requiring assistance with customs and trade compliance matters. The resource directs users to available support channels operated by HMRC and partner organisations. The guidance covers various areas where traders and logistics professionals can access information and aid to resolve issues or obtain clarification on regulatory requirements.
Source: HMRC (GOV.UK) – Read the original
This guidance covers the process for making adjustments to self-employment and rental property income before submitting your tax return to HMRC. The information explains the timing requirements and methods for reporting these adjustments as part of your self-assessment filing obligations. Understanding when and how to make these corrections ensures accurate tax reporting and helps avoid penalties or further enquiries from HMRC.
Source: HMRC (GOV.UK) – Read the original
HMRC has published guidance on creating and maintaining digital records for self-employed individuals and property owners under the Making Tax Digital for Income Tax scheme. The guidance outlines how to establish and retain digital documentation of income and expenses to meet tax compliance obligations. These digital records must be kept in formats that comply with HMRC’s requirements for the automatic submission of tax returns.
Source: HMRC (GOV.UK) – Read the original
HMRC has introduced a new digital method for completing Self Assessment tax returns, with guidance now available for sole traders, landlords, and their agents. The updated system provides a different approach to submitting Self Assessment compared to previous processes. This guidance explains how eligible taxpayers can use HMRC’s revised digital platform to manage their tax affairs.
Source: HMRC (GOV.UK) – Read the original
A 2026 amendment order revokes transitional protections that previously allowed certain claimants to retain free school lunch eligibility following welfare reforms. From 17 August 2026, individuals who benefited from this temporary exemption will lose their free school lunch entitlement as the underlying Welfare Reform Act 2012 provision takes full effect. The change affects all persons previously protected by the transitory arrangement under the 2018 commencement order.
Source: legislation.gov.uk – Read the original
The Taxation (Energy and Vehicles) Act 2026 raises the rate of the electricity generator levy and modifies mileage allowances used for income tax calculations. The act also introduces temporary adjusted rates of vehicle excise duty specifically for goods vehicles. These changes affect energy producers, taxpayers claiming mileage expenses, and operators of commercial vehicles.
Source: legislation.gov.uk – Read the original
The Carbon Border Adjustment Mechanism Transitory Provision Regulations 2026 establish interim arrangements ahead of the full implementation of CBAM under Part 5 of the Finance Act 2026. The mechanism will apply to imports of certain goods into the UK, requiring businesses to report and manage carbon emissions associated with their products. These transitory provisions set out how the scheme will operate during its initial phase before permanent rules take effect.
Source: legislation.gov.uk – Read the original