Cash basis to replace accruals
Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting).
Two new R&D forms
HMRC has introduced two new measures to tackle the rise in fraudulent research and development (R&D) claims.
Overlap relief online tool
The online form for requesting overlap relief information for basis period reform is now live.
MTD simplification
A dramatic simplification of the MTD processes to be introduced in 2026 including no EOPS; cumulative submissions each quarter; and restrictions for complex situations.
Submit VAT claims digitally for DIY house builds
Individuals who build their own home, or complete part of the build project themselves, are entitled to reclaim the VAT paid on materials under the VAT homebuilders scheme.
National insurance rates cut
The Chancellor has announced cuts to national insurance contributions for self-employed taxpayers and employees.