Tag: self-assessment
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Changes to Dividend Income Reporting
From 6 April 2025, directors of close companies will face a change in how they report dividend income on their Self-Assessment tax returns. What is changing to Dividend Income Reporting? Currently, directors reporting dividend income on their Self-Assessment tax returns are only required to declare the total amount received across all sources. There is no…
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Making Tax Digital for Income Tax
HMRC’s ‘Making Tax Digital’ programme is a key element of HMRC’s digital transformation plans. This flagship project, first announced in 2015, is being phased in over a number of years. Making Tax Digital (MTD) for VAT was the first element of the programme to be rolled out, beginning in April 2019. Making Tax Digital (MTD)…