WRLO Accountants

ICAEW encourages taxpayers to sign up to Making Tax Digital

WRLO Accountants — Sun, 17 May 2026 07:23:41 +0000

Taxpayers who are required to use Making Tax Digital (MTD) for Income Tax from April 2026 should sign up now if they haven’t done so already, says the Institute of Chartered Accountants in England and Wales (ICAEW). Taxpayers who had combined gross income from sole trades and property businesses of more than £50,000 for 2024/25 must use MTD for Income Tax from April 2026. More taxpayers will be required to use MTD from April 2027 and April 2028. Taxpayers who are not required to use MTD income tax can volunteer to do so. HMRC estimates that approximately 864,000 taxpayers are required to use MTD for Income Tax from April 2026. The ICAEW says that approximately only 280,000 taxpayers have signed up so far, with 30,000 taxpayers having done so voluntarily. The Institute said: ‘ICAEW is encouraging taxpayers who have yet to sign up to MTD income tax to do so in good time in order to submit their first quarterly update by 7 August 2026. By signing up in advance of the first filing deadline, taxpayers and agents will give themselves more time to deal with any issues that may arise.’ Internet link: ICAEW website

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Authorised Corporate Service Provider (ACSP)

WRLO Accountants — Tue, 16 Dec 2025 18:35:32 +0000

WRLO Accountants are now registered as an Authorised Corporate Service Provider (ACSP). Companies House have brought in legislation that requires all directors and people with significant control to have their identifications verified. ACSPs are also known as Companies House authorised agents. Please get in touch if you need help verifying your identification for your Limited company at Companies House. 01323 332043 info@wrloaccountants.co.uk

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Enews – 31 October 2025

WRLO Accountants — Wed, 05 Nov 2025 21:22:24 +0000

In this week’s Enews, there is news on a recommendation from the Low Incomes Tax Reform Group (LITRG) to make it easier for state pensioners to pay tax owed via a Pay as You Earn Scheme. There is also news on Chancellor Rachel Reeves’ ‘blitz on business bureaucracy’ and findings from the British Chambers of Commerce’s (BCC’s) latest Quarterly Recruitment Outlook to update you on. Give State Pension its own PAYE scheme, says LITRG Chancellor announces ‘blitz on business bureaucracy’ Budget should tackle hiring issues, says BCC Give State Pension its own PAYE scheme, says LITRG The Treasury should make it easier for state pensioners to pay any tax they owe with a Pay as You Earn (PAYE) scheme, says the Low Incomes Tax Reform Group (LITRG). The LITRG told the Treasury that there is a ‘pressing need’ to change the way the payments are taxed to make the process easier to understand and manage. This is due to the increasing number of pensioners finding out that they owe income tax on their state pension for the first time. The LITRG has recommended that the State Pension be given its own PAYE scheme, so that any tax is collected at […]

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