From 6 April 2026, HMRC will require many UK taxpayers to submit quarterly updates of their income and expenses under the Making Tax Digital for Income Tax (MTD ITSA) rules.

This will replace the current single annual Self Assessment return with quarterly summary submissions made using compatible digital software, followed by a final year-end declaration.

To enable us to complete these submissions on your behalf, you will need to provide your income and expenditure details proactively on a quarterly basis with very short specific filing deadlines.

Please contact us to discuss how to implement this procedure

From 18 November 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity under the Economic Crime and Corporate Transparency Act 2023. This requirement is part of wider reforms to help prevent the misuse of UK companies.

Although not a deadline, more a “start-line” all returns to be filed after the above date will require this personal code to be submitted for all registered directors.

To do this start here Verify your identity for Companies House – GOV.UK

Once you have done this you will receive a personal code which you should keep secure, until such times as you may need that to submit accounts and returns to Registrar Of Companies

In the UK, if you sell certain assets (like property or shares) and make a profit (capital gain), you might need to pay Capital Gains Tax (CGT).

For some types of property, you must report and pay it separately and sooner—this is called a Real-Time Capital Gains Tax Return.

When do you need to file a Real-Time CGT Return?

You must file a real-time CGT return if:

1. You sell UK residential property that is not your main home (e.g., a rental property, holiday home, or second home).
2. You make a taxable capital gain (i.e., the profit is above your tax-free allowance, called the Annual Exempt Amount).
3. You owe CGT on the sale (e.g., because it isn’t covered by reliefs or allowances).

How soon must you report and pay?

• 60 days from the sale completion date
• You must calculate the CGT due and pay it at the same time as submitting the return.

What if you’re already filing a Self Assessment return?

• You still need to file a real-time CGT return if the property sale meets the criteria above.
• Later, you also report it in your Self Assessment to confirm the final tax amount (any overpayment or underpayment is adjusted then).

What types of property sales don’t need a real-time CGT return?

• If the property is your main home and qualifies for Private Residence Relief (so no tax is due).
• If your total capital gains in the tax year are below the Annual Exempt Amount (£6,000 for 2023/24).
• If you sell non-property assets like shares (these are reported in the normal Self Assessment).

What happens if you miss the deadline?

• Late filing penalties apply (starting from £100).
• Interest is charged on late tax payments.

If you purchase a double cab pick-up with a payload of one tonne or more before 1 April 2025 for corporation tax, or 6 April 2025 for income tax, you can enjoy the favourable tax treatment available on vehicles primarily suited to the conveyance of goods. These include:

• 100% annual investment allowance;
• full expensing; and
• flat rate benefit in kind value.

Double cab pick-ups purchased after those dates will lose the beneficial treatment as they will be classified as cars.

Employers that have purchased, leased or ordered a double cab pick-up before 6 April 2025 can benefit from the previous benefit in kind treatment until the earlier of: disposal of the vehicle; expiry of the lease; or 5 April 2029.

Businesses and individuals can continue to deduct the full cost of zero-emission vehicles and electric vehicle charge-points from their taxable profits until 31 March 2026 for corporation tax and 5 April 2026 for income tax.

Where a business provides a company car to an employee there will be a benefits-in-kind tax charge based on the emissions of the vehicle. The appropriate percentages for 2028-29 and 2029-30 have now been set with significant increases across the board. The largest increase is levied on hybrid models, widening the gap between hybrid and fully electric vehicles for tax purposes.

The appropriate percentage for vehicles with zero emissions will increase by two percentage points per year to 7% in 2028-29 and 9% in 2029-30.

Currently, there is a sliding scale for hybrid vehicles with the appropriate percentage increasing as the electric range reduces. From 2028-29 there will be one rate applied to all hybrid and other vehicles producing 1g to 50g CO2 per km, regardless of the electric range. This will be 18% for 2028-29 and 19% for 2029-30.

For all other emission bands the rate will increase by one percentage point per year to maximums of 38% and 39% for 2028-29 and 2029-30 respectively.

Fuel benefits for cars and vans and the flat rate benefit charge on a company van will increase in line with the September 2024 consumer prices index with effect from 6 April 2025.