Kevin Breeds
Making Tax Digital (MTD) for income tax is part of HMRC’s ongoing effort to modernise the UK tax system. It is a government initiative to implement a fully digital tax system in the UK, where taxpayers keep digital records and use MTD compatible software to make tax submissions electronically.
It will affect individuals who are self employed and landlords and is being rolled out in phases, beginning from 6 April 2026. If this applies to you it’s important to start preparing now.
The United States and the UK reached a significant new trade agreement, described by President Donald Trump as a ‘breakthrough’ which was echoed by Sir Keir Starmer as an important milestone in strengthening transatlantic economic relationships. The deal addresses critical sectors and introduces notable tariff adjustments aimed at enhancing trade flows between the two nations.
On 2 April 2025 US president Donald Trump, enacted tariffs that could have introduced significant challenges for UK small and medium -sized enterprises (SMEs). These measures include a universal 10% tariff on all imports into the US, with higher reciprocal tariffs, ranging from 11% to 50% targeting countries with substantial trade deficits with the US including the UK.
Sign up to receive our private contentstraight to your inbox
We use social media to deliver our updates to you on the go, wherever you are. We only post relevant content that will help you run your business.