On 19th March 2026, HMRC published their open consultation regarding the reporting framework for reporting payments to participators. The open consultation seeks views on proposals to introduce new requirements to report transactions between close companies and their participators to HM Revenue and Customs (HMRC). The government will be consulting on proposals to possibly make it mandatory to report transactions between close companies and their participators - participators

What are the new changes and requirements? To improve the accuracy and quality of the data held on their registers and to help deter...

What is MTD for Income Tax? HMRC have announced that MTD ITSA will be introduced effective from April 2026. Individuals who are subject...

The Chancellor Rachel Reeves has delivered her first budget, announcing that this is a budget to fix the foundations of the economy and...