Making Tax Digital
Making Tax Digital (MTD) will affect most businesses by changing how business records are kept and how tax information is sent to HMRC.
The first stage of MTD was for VAT returns, and we have successfully helped our VAT registered clients to meet their MTD obligations.
The next stage, Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA), will become mandatory for certain self-employed individuals and property landlords from 6 April 2026. We will be able to recommend suitable software and help you prepare.
From 6 April 2023, we will also see changes to the ‘basis period’ rules for self-employed individuals that prepare accounts to a date other than 31 March or 5 April, with a number of considerations and choices to be made beforehand. If you are self-employed and your accounting date is not 31 March or 5 April, we will be able to advise you.
MTD for Income Tax for partnerships and limited companies will follow at a later date, and we will keep you informed of any news that affects you.
Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you’re considering investments, a second home, or another asset.
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions.
In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
Whether you’re considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.
We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the lease amount of tax, we eliminate the time and worry involved. Out staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.
Holberton & Co provide the following key services.
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Latest news from Holberton & Co
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This winter has been one of the mildest on record so far, but there is still time for a cold snap, and this often raises questions about whether it is too cold to work. In fact, this question is one of the most popular topics on the HSE website.
The government has announced new UK-wide plans designed to make it easier to recycle electrical goods.
Coming into force from 1 January 2024, the Working Time Regulations, as amended by The Employment Rights (Amendment, Revocation and Transitional Provision) Regulations 2023, introduced reforms that simplify holiday pay and entitlements.
Arculus Ltd, a cyber security consultancy, has been tasked by the UK government to lead a pilot project that is aimed at helping directors of UK organisations in managing their cyber security risks.
Innovate UK BridgeAI is funding an online training course to help businesses and organisations explore digital, data-driven and AI technologies.