Coman&Co. Ltd.

Making Tax Digital for Income Tax starts from April 2026.

Landlords and sole traders with gross income over £50,000 will need to submit quarterly updates to HMRC.

We have already tested the HMRC sign-up and authorisation process and are now preparing clients for implementation.

Full briefing here:
https://comanandco.co.uk/mtd-income-tax

Self Assessment payment timing

Current HMRC processing times:

• Tax calculation after submission: up to 2 days
• Card payments: up to 7 working days
• Bank transfers: up to 5 working days

This reflects HMRC processing timelines rather than payment date.

Reminder:
31 January 2026 is the Self Assessment filing and payment deadline.

Office closes 5:30pm Friday.

Context matters

The Self Assessment filing deadline is 31 January.

Big changes in the 2025 Autumn Budget: frozen tax thresholds, a new property levy, higher dividend and savings taxes, ISA reductions and new limits on salary sacrifice.

We’ve broken down all the key points in a clear, structured summary.

Full article here:
🔗 https://comanandco.co.uk/2025-budget

HMRC have started issuing letters about Making Tax Digital for Income Tax from April 2026.
If you have self-employment or property income, HMRC require, the thresholds, how quarterly reporting works, and how Coman&Co will handle the process:

HMRC letters about Making Tax Digital for Income Tax London accountants specialising in tax, company formations, limited company, tax returns and business advice

I’ve put together a detailed FAQ covering the questions people ask most often before becoming clients — how the initial meeting works, what happens afterwards, fees, information needed, and what to expect at each stage.

You can read it here:

Frequently Asked Questions | Coman & Co Chartered Tax Advisers & Accountants London Find clear answers to the most common questions about initial meetings, fee structure, communication, eligibility and tax services at Coman & Co. Chartered Tax Advisers based in East Dulwich, London.

Incorporation tends to suit portfolios held for long-term rental yield. Where substantial capital growth is expected, retaining partnership ownership is often more tax-efficient overall. This technical note sets out the key CGT, SDLT, VAT and IHT implications:

Incorporating a Property Partnership into a Limited Company Tax implications of transferring a property-letting partnership into a company, covering CGT, SDLT, VAT, IHT and profit extraction considerations.