Nov 3, 2025 | Business Start Ups, FAQ, Guides, Making Tax Digital, MTD Guides, Self-Assessment, Tax
At North Devon Accounts, we know that any tax changes can sound daunting to small business owners. Making Tax Digital (MTD) is one of those phrases that makes people sigh and think “another rule to learn.” But there’s another way to look at it. From April 2026, MTD...
Oct 13, 2025 | Business Start Ups, Making Tax Digital, MTD Guides, Self-Assessment, Tax
If you’re a landlord, a major change is on the way. From April 2026, HMRC will extend Making Tax Digital (MTD) for Income Tax to those with property income over £50,000. At North Devon Accounts, we know tax changes can feel overwhelming, so here’s a clear guide to...
Oct 3, 2025 | Business Start Ups, Making Tax Digital, Self-Assessment, Tax
Important Update HMRC is changing the way many self-employed people and landlords report their income tax. This is called Making Tax Digital for Income Tax (MTD for ITSA). It means that instead of doing just one tax return a year, you’ll need to keep digital records...
Jul 24, 2023 | Information, News, PAYE, Self-Assessment
The threshold for people taxed through PAYE who are required to file a self-assessment return has increased from £100,000 to £150,000. Those affected should be contacted by HMRC if they need to change anything. That said, there have been times in the past where HMRC...
Jul 17, 2023 | Business Start Ups, Expenses, FAQ, Information, News, Self-Assessment, Tax
HMRC is changing the way sole traders and partnerships need to calculate profits for their self-assessment returns. The Revenue will require the profits to be declared for the tax year in question, rather than the accounting year as is currently the case. Any sole...
Feb 27, 2023 | Business Start Ups, FAQ, Information, Making Tax Digital, Misc, News, QuickBooks, Self-Assessment, Tax, Tips, Vat
Making Tax Digital (MTD) has been on the cards for years now, with businesses already pushed towards dealing with their VAT this way. But plans to extend this for Income Tax Self-Assessment (ITSA) have been put on hold once again until April 6, 2026, eight years later...
