Amin & Co Accountants Manchester

The first quarterly update under Making Tax Digital (MTD) for Income Tax is now approaching for many self-employed individuals and landlords. If you are registered for MTD for Income Tax, your first quarterly update covering the period from 6 April 2026 to 30 June 2026 is due soon. Preparing now will help you avoid last-minute stress and ensure your records are complete. Who is affected? MTD for Income Tax currently applies to many: Self-employed individuals Sole traders Land

HMRC has introduced important changes to voluntary National Insurance (NI) contributions for people living or working abroad. What has changed? From 6 April 2026, the option to pay voluntary Class 2 National Insurance contributions for periods abroad has been withdrawn for the 2026/27 tax year onwards. Anyone wishing to pay voluntary NI for periods abroad will generally need to pay Class 3 National Insurance contributions instead. To qualify, individuals must normally have ei

The Furnished Holiday Lettings (FHL) tax regime was abolished on 1 April 2025. With the new tax year approaching, we would like to remind to all affected tax payers about how these changes will apply going forward. From April 2025, income from Furnished Holiday Lettings is no longer treated separately for tax purposes. Instead, it will be combined with a taxpayers’ s other UK or overseas property income and taxed under the same rules as other property income . The new changes