Multiple agents for MTD ITSA will be permitted
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Is it really the end of tax relief for homeworking?
In her 2025 Budget the Chancellor announced the end of tax deductions for “non-reimbursed homeworking expenses”. How might the loss of the deduction affect you and is there an alternative tax relief you can take advantage of?
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HMRC threatens bogus penalties
Correspondence from HMRC suggests there's a penalty if you don't pay your self-assessment tax bill by Saturday, 31 January. This isn't strictly true, but what are your options if you can't pay on time?
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HMRC updates guidance for claiming new allowance
Qualifying expenditure on plant and machinery can qualify for a 40% first-year allowance from 1 January 2026. HMRC has now updated its guidance to help make claims. What do you need to do?
New guidance introduces the concept of using multiple agents to manage your MTD account. The guidance outlines the role of a “main” agent and that of “supporting” agents, where different agents are used to complete different functions. For example, a bookkeeper may be used to complete quarterly updates whilst a separate tax advisor finalises the year end position and submits the self-assessment return. In this example, the bookkeeper is a supporting agent, and the tax advisor is the main agent.
HMRC has prepared a useful table to show what a main agent can do, which is almost everything, and what a supporting agent can do. The supporting agent’s access is limited to the sole trade and property businesses, such that they cannot see details of non-business income. It isn’t necessary to have multiple agents to manage MTD, but the option is there for those who need it.
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