Evlateam

03/07/2026

📢 MTD for Income Tax – the first return is already approaching!

If, in the 2024/25 tax year, your combined turnover from self-employment or property exceeded £50,000 — not your profit — then from 6 April 2026 you will need to manage your tax affairs through the Making Tax Digital (MTD) system, and your first quarterly return will be due by 7 August! 🗓️

This covers the months of April–May–June 2026, and it can already be prepared from 6 July.

✅ What does this mean in practice?
– Keeping digital records using compatible software
– Submitting quarterly returns to HMRC
– Submitting the annual summary return from the same software by 31 January 2028

💡 Good news: in the first tax year (2026/27), HMRC will not yet issue penalty points for late quarterly updates — but this does NOT apply to the annual return and payment deadline, where penalties will still apply.
As this will be the first return of its kind, it is worth starting to deal with it in good time. This is a new system, and it is likely that the first time will require more coordination until the routine is established.

❗ The tax authority’s system is also showing errors. Over the past 48 hours, HMRC’s system has gone down several times, and it is likely that receiving many new returns will put pressure on them, so for this reason as well it is not worth leaving submissions until the last minute.

If you have not registered yet, now is the time! 👇

🔗 Registration: https://www.gov.uk/guidance/sign-up-for-making-tax-digital-for-income-tax
🔗 All information in one place: https://makingtaxdigital.campaign.gov.uk/

If you are unsure whether this applies to you, or you need help preparing, get in touch with us! 💬

More information:
https://www.evlateam.co.uk/making-tax-digital-2026-free-mtd-consultation/

04/05/2026

🎉 EVLAteam celebrates 15 years! 🎉

Today we celebrate 15 fantastic years of supporting hundreds of businesses across the United Kingdom.

A huge thank you to all our clients for your trust and support 💙
Here’s to the next 15 years!

01/05/2026

Making Tax Digital is not really about learning complicated software.

It is about changing the way you manage your tax throughout the year.

Instead of leaving everything until the Self Assessment deadline, MTD encourages a more regular rhythm: keeping digital records, reviewing your figures more often, and staying closer to your tax position before it becomes stressful.

For many sole traders and landlords, this could actually make tax feel more manageable — as long as they prepare early.

Read the full article here:
https://www.evlateam.co.uk/making-tax-digital-is-not-really-about-software-its-about-changing-your-tax-rhythm/

For years, many sole traders and landlords have lived with the same tax pattern. Most of the year, business ticks along. Then January arrives, and suddenly everything becomes urgent. Bank statements need downloading. Receipts need chasing. Figures need checking. Questions you have not thought about....

03/04/2026

🐰🥚🐰

02/04/2026

Not sure what your tax code means?

A wrong tax code could mean you’re paying too much tax — or not enough. Our simple guide explains the most common UK tax codes, emergency codes, and what to do if something looks wrong.

Read the article and check yours.
https://www.evlateam.co.uk/tax-codes-explained-a-simple-guide-to-understanding-your-tax-code/

If you need help, EVLAteam is here for you.

Your tax code is one of the most important numbers on your payslip, yet many employees don't fully understand what it means or how it affects their take-home pay. Your tax code determines how much income tax your employer deducts from your salary each month. Getting it wrong could mean you're overpa...