You can’t leave a pension in your will. You need to tell the pension provider or trustees who you want the money to go to if you die, it’s done via a nomination form or expression of wishes form. Make sure yours is done and up to date. Clip courtesy of @thismorning
‘Not my job to say how an accountant does their job’, says HMRC MTD chief - Head of Making Tax Digital says HMRC has not yet decided how it will bring £30,000 cohort into quarterly reporting
https://t.co/8shRj4JWWw via @accountancylive
Making Tax Digital is creating one long silly season - The first MTD filing deadline created a headache, with quarterly reporting rules adding to already rising workloads, warns Louise Walpole, commercial director of Advancetrack https://t.co/1H5hlmflyh via @accountancylive
HMRC clarifies some of complexity on pension pot tax - Pension pot tax reforms will make estates ‘more complex and more expensive’ as HMRC issues a second technical notice about the minutiae of changes
https://t.co/C43ThgllS9 via @accountancylive
BREAKING: HMRC to ‘automatically sign up’ MTD taxpayers from September - Over 294,000 taxpayers not yet registered for Making Tax Digital warned: ‘We will automatically sign up taxpayers from September 2026’
https://t.co/yVJysMX6Yv via @accountancylive
EXCLUSIVE: HMRC hits half a million Making Tax Digital sign-ups - Four in 10 taxpayers not signed up for Making Tax Digital
https://t.co/meJQcjogt6 via @accountancylive
Fewer than half of sole traders required to join MTD have registered. Only 400,000 sign-ups have occurred since the start of the financial year, compared with 864,000 needed by tomorrow. #MTD#MakingTaxDigital#IncomeTax#Tax#TaxTwitter https://t.co/4F4i7ABXcY
@HMRCcustomers@HMRCcustomers Thank you. If a client's soletrading ceased before the MTD start date, when signing them up to MTD do we simply remove the business (they will have other businesses which apply) and file cessation accounts. Do we need to write to HMRC to confirm as well?
@HMRCcustomers I have a client with 2 businesses signed up to MTD for Income Tax. 1 ceased 1/10/25. How do I inform HMRC to not expect quarterly submissions for this business. The other will continue. I tried the webchat and technical support - both were unable to answer.
@HMRCcustomers@HMRCcustomers "If only one of your income sources ceases, you must tell us using your HMRC online services account or agent services account" I've logged in, and I cannot see where I inform of an income source ceasing. Please explain.
400,000 landlords, self employed still need to register for MTD by 7 Aug filing deadline for first quarterly return - mandatory for £50k cohort with qualifying income. Huge number of taxpayers without accountants not signed up yet warns #HMRC https://t.co/VCGxXFBWNk
BREAKING: PM Andy Burnham has announced he will cut business rates by 20% for pubs, clubs and live music venues from next April.
The government says the move will save the typical pub £1,100 next year from their tax bill.
https://t.co/lRHDAkaVUg
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