T & A Dixon Accountancy Services

19/05/2026

MTD UPDATE

If you are a sole trader or landlord earning over £50,000 a year,

Making Tax Digital for Income Tax is now live — and your first quarterly deadline is approaching fast.

The first quarterly update covers the period from 6 April to 5 July 2026 and must be submitted to HMRC by 7 August 2026. That is just eleven weeks away.

Here is what you need to have in place right now:
• Digital records: every transaction from 6 April onwards must be recorded using MTD-compatible software. Paper records and standard spreadsheets alone no longer meet HMRC's requirements.
• Compatible software: you must use HMRC-approved software to keep records and submit your quarterly updates. Free options exist, but not all bookkeeping tools are approved — always check the HMRC approved software list.
• Four updates per year: the quarterly deadlines for 2026/27 are 7 August, 7 November, 7 February, and 7 May.

Not sure whether you are in scope, or which software suits your business? We are here to help. Give us a call on 01388 609045 or visit tadixon.co.uk for a free initial chat.

T & A Dixon Accountancy Services | tadixon.co.uk | Bishop Auckland

12/05/2026

If you employ staff, there is an important deadline coming up fast — P60s for the 2025/26 tax year must be provided to all employees by 31 May 2026.

A P60 summarises each employee's total pay and deductions for the year. The rule is simple: if someone was on your payroll on 5 April 2026, they need a P60 from you by the end of this month — whether you have one employee or twenty, and whether you pay directors monthly, quarterly, or irregularly.

A few points worth double-checking before you issue them:

Confirm your final payroll figures are settled before generating P60s — issuing them with errors causes headaches later.

Directors on irregular pay are included if they were on payroll on 5 April.

P60s can be issued on paper or electronically, but electronic delivery is only valid if the employee can actually access the system.

Also worth keeping in view: P11D forms reporting employee benefits and expenses are due by 6 July 2026 — not far behind.

If you need any help with year-end payroll or P60 preparation, give us a call on 01388 609045 or visit tadixon.co.uk — we are happy to help.

T & A Dixon Accountancy Services | tadixon.co.uk | Bishop Auckland

09/11/2024

https://www.accountingweb.co.uk/tax/hmrc-policy/budget-surprise-sees-more-taxpayers-taken-into-mtd?cm-uuid=927c8007-ab70-4a07-a2e6-05a9b81f8571&utm_medium=email&utm_campaign=AWUKPOW301024&utm_content=AWUKPOW301024+CID_157ae0a9dc90f9f3a04ade525fbd61aa&utm_source=internal_cm&utm_term=Read%20more

Today’s Budget contained a number of headline-grabbing tax announcements. However, buried away in the depths of the Red Book is one further change [1]

09/11/2024

https://www.accountingweb.co.uk/tax/hmrc-policy/double-cab-pickups-are-to-be-classed-as-cars?cm-uuid=927c8007-ab70-4a07-a2e6-05a9b81f8571&utm_medium=email&utm_campaign=AWUKINS011124&utm_content=AWUKINS011124+CID_184dddfd6a9398314c839036b0f27ce8&utm_source=internal_cm&utm_term=Read%20more

This news comes after a U-turn on the same decision in February, where HMRC announced double-cab pickups were to be classed as cars not vans [1] for