LATEST INSIGHTS
Digital Tax Reform: Making Tax Digital Expansion
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HMRC is expanding Making Tax Digital (MTD) to include self-employed individuals and landlords earning over £10,000 annually.
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You’ll need to:
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Keep digital records
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Submit quarterly updates via compatible software
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This reform aims to reduce errors and improve compliance, but requires early preparation.
Simplification & Administrative Reform
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The government is rolling out simplification measures to reduce paperwork and modernize outdated systems.
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Key changes include:
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Streamlined reporting for small businesses
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Delayed rollout of payrolling benefits in kind until April 2027
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Easier access to HMRC support and digital tools
National Insurance Adjustments
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Employer NICs increased from 13.8% to 15%, raising the cost of hiring for SMEs.
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Self-employed Class 2 NICs abolished, simplifying contributions but shifting more reliance to Class 4 NICs based on profits.
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These changes affect both payroll planning and personal tax liabilities.
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