Some 10.7m Britons submitted their self-assessment tax returns before this year’s 31 January deadline, HMRC has announced. more»

The deadline for sending self-assessment tax returns for the 2016 to 2017 tax year, and for paying any tax owed, is 31 January 2018. more»

Owners who’ve received payment after winding up their firm on or after 6 April 2016, and who continue to be involved in “similar activities”, could be breaking tax rules. more»

The draft rules are the first details the government has published on Making Tax Digital, and will allow businesses to consider whether existing tax record-keeping procedures will be compatible. more»

The Two Step Verification (2SV) procedure is a new HMRC online security measure that is similar to those used in online banking and is intended to reduce the risk of online tax accounts being hacked. more»

The switch to a fully digitised tax system has been pushed back until at least 2020, after the government announced a new Making Tax Digital timetable to minimise business disruption and costs. more»

HMRC has begun to distribute invitations for a Making Tax Digital pilot, giving a small number of business owners the chance to road-test the incoming system. more»

The Treasury select committee has called for an independent review into the impact of quarterly tax reporting for small business owners, a new requirement under the government’s Making Tax Digital plans. more»

The Federation of Small Businesses (FSB) has backed a House of Lords report that calls for significant digital tax proposals, including a full delay of Making Tax Digital until 2020. more»

The government has promised to give unincorporated business owners and landlords with annual turnover below the VAT threshold an extra year before Making Tax Digital becomes mandatory. more»