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.

After reports surfaced regarding Rachel Reeves renting out her Dulwich property without a license, it'ss a timely reminder that certain areas in Southwark stil require selective licensing (even for single lets.)

Coman & Co. Dulwich accountants for local landlords.

Rachel Reeves’s autumn budget will take place on 26 November

Client entertaining has long been excluded from profit calculations for corporation tax. However provided it is related to the business, such as picking up the bill for a work lunch with a key prospect, it does not constitute a benefit in kind for employees or directors. Consequently, it reduces retained profits in the same way as other work related expenses. Specifically, client entertaining is exempt from employer's National Insurance Contributions (NICs) as a taxable benefit, offering a degree of tax relief for business-related entertaining activities. For more insights, visit: [Business Entertaining and Tax Deductibility](https://comanandco.co.uk/business-entertaining -business-entertaining-tax-deductible).

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The effect on income tax caused by covering employer's national insurance on vesting of share related pay

Capital gains tax on share related pay A potential for capital gains tax arises when an employment related security is disposed of. The report explains the tax implications on grant, vesting and subsequent disposal of share related pay.