📲 HMRC is going fully digital — are you ready?
The UK tax system is rapidly changing.
HMRC is moving towards:
✔️ Fully digital record-keeping
✔️ Real-time tax reporting
✔️ Increased automation
✔️ More compliance checks
Director’s loan accounts & participator transactions.
this could significantly impact owner-managed businesses.
Key changes:
• Detailed reporting of loans & repayments
• More scrutiny on dividends & write-offs
• Potential annual (or real-time) reporting
#HMRC#TaxUpdate
🌙✨ Eid Mubarak from Singletree Accountants ✨🌙
Wishing you and your family peace, prosperity, and joy on this blessed occasion.
May this Eid bring new opportunities, continued success, and meaningful moments with your loved ones.
MTD for Income Tax starts April 2026 🚨
Self-employed & landlords earning £50k+ must move to digital records & quarterly HMRC updates.
Threshold drops to £30k (2027) & £20k (2028).
Start preparing now.
#MakingTaxDigital#MTD#UKTax#SelfEmployed#Landlords
Cheers to new beginnings!
Wishing you success, joy, and abundance in 2026! 🌟 Let's make it a year to celebrate growth and achievements together. Here's to a prosperous New Year from all of us at Singletree Accountants!
#HappyNewYear2026#SuccessTogether#SingletreeAccountants
VAT reform could raise up to £80 billion a year, says ICAEW.
The UK's VAT system is “outdated and overly complex”, according to the Institute of Chartered Accountants in England and Wales.
A simplified system — with a single lower rate applied more widely — could make business...