Missing a tax deadline in the UK can sometimes lead to penalties that could easily have been avoided.
HMRC now uses a penalty points system for late submissions. When deadlines are missed, charges can apply and interest may also build up on any tax that remains unpaid.
Quite often, the issue isn’t complicated tax rules. It usually comes down to returns being filed late or records not being kept properly during the year.
Maintaining records in an orderly way and submitting tax returns promptly will help avoid most of the issues that normally result in fines.
At MHC & Co Chartered Accountants, we work with a wide range of clients across the UK, including small businesses, landlords and self-employed individuals who want to keep their tax affairs in order.
When you are dealing with the deadline which is soon coming and you are not fully sure what to do next then it may be reasonable to consult an accountant and check the position and provide nothing before that.
📞 0333 789 1010
📧 info@mhcandco.co.uk
🌐 www.mhcandco.co.uk
📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom
Speak to a Chartered Accountant today.
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Many landlords across the UK are starting to hear more about Making Tax Digital (MTD) and how it may affect the way rental income is reported.
Making Tax Digital (MTD) will require the more lucrative rentiers to maintain digital records and provide updates to HMRC on a more frequent basis than just on the traditional annual returns.
For many landlords this will mean:
• Keeping digital records of income and expenses
• Quarterly updates to HMRC
• Tracking property related costs more carefully
• Using suitable accounting software
Although April 2026 may still seem some time away, many landlords are already starting to review how their records are kept so the transition is smoother when the rules apply.
At MHC & Co Chartered Accountants, we speak with landlords from different parts of the UK who want to understand what these changes might mean in practice.
If your rental income is around or above £50,000, it may be sensible to review your current record-keeping and see whether any adjustments might be needed.
📞 0333 789 1010
📧 info@mhcandco.co.uk
🌐 www.mhcandco.co.uk
📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom
Speak to a Chartered Accountant today.
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Many taxi and delivery drivers across the UK are starting to receive letters from HMRC about their income.
Over time HMRC has gained greater access to information from platforms such as Uber, Bolt and Deliveroo, as well as card payments and other digital records. As a result, the figures reported through these systems are increasingly being compared with what is declared on self-assessment tax returns.
A letter from HMRC does not necessarily mean that anything is wrong. Quite often it is simply a request for clarification or confirmation of income. That said, it’s not something that should be ignored. Dealing with it early usually makes the process much simpler.
For drivers who are self-employed, keeping accurate records of platform earnings, bank payments and any cash income is important.
At MHC & Co Chartered Accountants, we regularly assist drivers throughout the UK with HMRC correspondence, self-assessment returns and reviewing reported income from ride-hailing and delivery platforms.
In case you have received a letter and do not know what to do, you may find an explanation on what to do by talking to an accountant.
📞 0333 789 1010
📧 info@mhcandco.co.uk
🌐 www.mhcandco.co.uk
📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom
📞 Speak to a Chartered Accountant today.
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