Home

Latest News

Making tax digital

By Richard Andrew

22nd February 2026

MTD for Income Tax: Digital record keeping and compliance

From April 2026, Making Tax Digital (MTD) for Income Tax Self-Assessment will change the way many businesses and landlords keep and submit their tax records. One of the key requirements is maintaining digital records.

Read this post
Making tax digital

By Richard Andrew

16th February 2026

Making Tax Digital for Income Tax: Pitfalls of registration

The Government’s phased introduction of Making Tax Digital (MTD) for Income Tax Self Assessment begins in April 2026 and initially applies to self-employed individuals and landlords with an income of more than £50,000.

Read this post
Making tax digital

By Richard Andrew

14th February 2026

Making Tax Digital software: What to use and why

From April 2026, qualifying sole traders and landlords must use HMRC-approved software to comply with Making Tax Digital (MTD) for Income Tax. It is therefore important to ensure you have the right software for your needs that is compatible with MTD.

Read this post
Making tax digital

By Richard Andrew

12th February 2026

New reporting requirements for Making Tax Digital from April 2026

Making Tax Digital (MTD) for Income Tax will change how millions of taxpayers report their income. If you are a sole trader or landlord, understanding the new quarterly reporting process and year-end requirements is essential, particularly if your qualifying income is over £50,000 and you will need to comply with MTD from 6 April 2026.

Read this post
id scan

By Adam Pattison

2nd February 2026

Companies House ID verification FAQs for company directors and PSCs

From 18 November 2025, identity verification became a legal requirement for company directors, People with Significant Control (PSCs), and others responsible for filing company information.

Read this post
legal sector

By Huw Nicholls

2nd February 2026

Planning for and completing an Accountant’s Report: Key recommendations for law firms

The Solicitors Regulation Authoroity (SRA) has produced guidance to assist in the planning and completion of an Accountant’s Report. The SRA recommends that this is not just read by reporting accountants but by law firms too. From a law firm perspective, the guidance helps firms understand what procedures will ensure client money is properly safeguarded, and what factors might lead to a reporting accountant qualifying their report.

Read this post

By Richard Andrew

15th January 2026

Making Tax Digital changes for the self-employed and landlords

Small business owners across the UK need to prepare for a significant change that will affect how they report their earnings to HMRC.

Read this post

By Dan Cozens

15th December 2025

Partnership vs company: Choosing the right structure for your farming business

Whether you decide to operate your farm business as a partnership or company will depend on many factors, but the 2025 Budget has introduced further changes, meaning it’s worth reviewing your current structure and taking family succession plans into account.

Read this post

By Dan Cozens

1st December 2025

Capital Gains Tax and Inheritance Tax on agricultural land and farms

Selling or transferring agricultural land and farms can have significant tax implications, particularly concerning Capital Gains Tax (CGT) and Inheritance Tax (IHT). Following increased CGT rates and major IHT reforms announced in the 2024 Autumn Budget, and a further amendment in the 2025 Autum Budget, it is important to consider the current rates and the implication of future increases.

Read this post

By Dan Cozens

20th November 2025

File your tax return ahead of the self-assessment deadline

It is never too early to complete your self-assessment tax return. In fact, as soon as the tax year ends you can submit your tax return. One thing you should avoid is leaving it to the last minute.

Read this post

Enquiry Form

All content © 2020 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Audit is a trading style of Armstrong Watson Audit Limited.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.