Are close companies about to have more reporting requirements?
Posted on March 31, 2026 Posted in - BlogAs the steady expansion of reporting obligations continues, it seems that the time has come for close companies to face greater scrutiny.
As the steady expansion of reporting obligations continues, it seems that the time has come for close companies to face greater scrutiny.
I am sure many of us can’t wait for the long Easter weekend to get here. If it feels like it has come early this year, you are correct.
Not everyone has the freedom to decide how they are paid or to structure their income in the most tax-efficient way.
Given that it is the biggest overhaul to the way that taxes are filed in decades, it is no wonder that Making Tax Digital (MTD) for Income Tax has a whole host of additional considerations to manage.
More than £55 billion worth of side hustle sales data is to be handed to HMRC by platforms, as the tax authority ramps up compliance on small online traders and service providers.