MTD filing period
The first MTD filing period opens soon and tax payers need to be aware of what they need to do before August.
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Latest news and blogs from Dominic Hill
A round up of our latest news, guides and blogs from the world of accountancy for private individuals and businesses.
The first MTD filing period opens soon and tax payers need to be aware of what they need to do before August.
The start of a new tax year is a good opportunity for employers to review their payroll processes and make sure everything is set up correctly for the year ahead. A quick check can help avoid payroll errors, employee queries and HMRC issues later in the year.
Under the Economic Crime and Corporate Transparency Act, Companies House is being given powers to improve the accuracy of the register, reduce misuse of UK companies and strengthen confidence in company information. To assist with this, identity verification began rolling out from 18 November 2025.
Since the end of last year, we have seen a noticeable increase in conversations with business owners considering selling their companies or planning succession strategies. While every business sale is unique, the process that most clients follow is similar.
Following on from the Christmas holidays and meeting up with our family and loved ones, some people have had a great opportunity to make long term financial plans together. A family should make plans for protection, succession and taxation of its wealth to ensure that the next generation get the best opportunity to thrive in the future. At Dominic Hill we frequently hold meetings with multiple generations of one family to discuss and plan for such matters.
After the Office for Budget Responsibility accidentally published the fiscal report two hours earlier than expected, we were able to follow along with Rachel Reeves’s changes as they were announced.
The next UK Budget (the Autumn Budget 2025) is scheduled for 26 November 2025, when the Chancellor of the Exchequer will set out the government’s tax, spending and borrowing plans.
If you are a landlord in the UK, you may have heard of the Let Property Campaign. This is an initiative from HM Revenue and Customs that gives individuals the chance to bring their tax affairs up to date if they have undeclared rental income. For many landlords, the idea of dealing with HMRC can feel daunting. Especially if they receive a letter suggesting that not all of their rental income has been reported. However, understanding how the Let Property Campaign works can make a big difference the outcome.