Wings Online Filings Ltd

This isn’t just a payroll change, it’s already feeding through into how many businesses operate.

Higher wage bills increasing monthly costs
Small price increases in cafés, shops, and services
Some businesses adjusting staffing levels or hours
More focus on efficiency and productivity
Pressure on profit margins, especially for smaller businesses

Worth keeping an eye on how this flows through beyond payroll into pricing and cash flow. It’s still working its way through the economy, and the full impact won’t be seen overnight.

Right now, if you’re self-employed or a landlord, you usually:

- keep records during the year

- file one tax return after the year ends

Under Making Tax Digital (for those who are included), it shifts to:

- keeping digital records

- sending updates every 3 months

- still doing a final year-end submission

So the key point is:

you’re not losing Self Assessment, it’s just becoming more frequent and more digital.

Think of it like this:

Instead of one big update at the end of the year, HMRC wants smaller updates throughout the year, followed by a final “tidy-up” submission.

Self Assessment still exists, it just won’t be a once-a-year-only process for everyone affected.

HMRC is changing how sole traders and landlords report income.

If you’re within scope, Self Assessment will no longer be a single annual process.

Instead, you’ll need to:

keep digital accounting records
submit quarterly updates (every 3 months) using approved software
complete a final year-end declaration

Key points:

replaces the traditional once-a-year tax return process
increases reporting frequency throughout the tax year
requires digital software for record keeping and submissions
applies to sole traders and landlords once income thresholds are met

If you currently complete a Self Assessment tax return, it’s worth checking whether and when you’ll be affected.

Making Tax Digital (MTD) is set to change how many UK sole traders and landlords report their income... from annual tax returns to ongoing digital updates.

If you want a clear breakdown of what’s changing, who it affects, and when it starts, we’ve put everything into a simple blog post.

Take a look if you want to stay ahead of it and avoid surprises later in the year.

Many clients previously opted out of Child Benefit due to the High Income Child Benefit Charge (HICBC).

Following recent changes, the threshold has increased to £60,000 of adjusted net income, with full tapering applying up to £80,000.

This means some households may now:

retain more Child Benefit than before
or potentially re-qualify after previously opting out

If you or your partner previously stopped claiming, it’s worth checking whether you should revisit your position.

Small changes in income can now have a meaningful impact on entitlement.

Nothing means more to us than knowing we’ve made a difference for our clients.

HMRC mileage rates have increased from 45p to 55p per mile for the first 10,000 business miles.

We’ve broken down what this change means for business owners, freelancers, and director, covering who it applies to, how it works, and what it could mean for your claims.

Read our full blog for the details on our website. Link in bio

Using your own car for work? You could be missing out on extra mileage payments without even realising it.

HMRC has increased the approved mileage rate from 45p to 55p per mile for the first 10,000 business miles driven each tax year. That's the first increase in over a decade and could mean hundreds of pounds more for regular business drivers.

If your employer pays less than the approved rate, you may also be able to claim tax relief on the difference.

Worth checking your mileage records, you might be entitled to more than you think.

The Employment Allowance lets small businesses reduce their employer National Insurance bill by up to £10,500 per year.

In simple terms:
You normally pay extra NI when you pay staff… but this allowance can wipe that bill down (sometimes to £0).

✅ Got at least 1 employee who isn’t a director?
You likely qualify
❌ Solo freelancer or only director on payroll?
You don’t

It’s automatically claimed through payroll, but many people forget to switch it on.

If you’re growing your team, this is one of the easiest ways to cut costs.

Worth checking 👇
Are you actually claiming it? DM us for more info.

This is one of the easiest mistakes to make… and one of the first things that gets questioned.

It’s not about what you call it.
It’s about what it actually is.

This is exactly the kind of detail we help clients get right early, so it doesn’t become a problem later.