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The UK Government’s latest defence strategy, unveiled by Sir Keir Starmer, outlines an ambitious and expansive vision for the country’s armed forces — but it also raises big questions about how it will be funded and what trade-offs may lie ahead for the wider economy, taxpayers, and business owners.
Making Tax Digital (MTD) for Income Tax is on the horizon — and for many individuals, the first compliance deadline is fast approaching.
If you’re self-employed, a landlord, or have a combination of qualifying income sources, you may be required to join the scheme from April 2026. In this article, we’ll break down who is affected, what “qualifying income” means, and how to work out if you’re in scope.
Making Tax Digital (MTD) for Income Tax is the most significant change to the UK tax system in a generation. Designed to modernise tax reporting and reduce errors, it marks a shift away from annual tax returns to a more real-time, digital-first approach.
If you’re a sole trader, landlord, or self-employed individual, this change could affect how you run your business, manage your records, and interact with HMRC.
Here’s what you need to know.
Most business owners know the importance of filing their tax return. It’s an essential compliance obligation — one that ensures you stay on the right side of HMRC. But beyond ticking the annual box, there’s a much more powerful financial tool that often goes overlooked: a well-planned tax strategy.
