Number Logic Limited

Number Logic Limited Supporting the accountancy and tax needs of small business, companies and individuals

MTD is causing confusion and the software companies and their marketing is not helping. This article by Robin Milstead o...
22/05/2026

MTD is causing confusion and the software companies and their marketing is not helping. This article by Robin Milstead on accountingweb explains:

To comply with Making Tax Digital for income tax (MTD), taxpayers must use HMRC-recognised software.

Why did 1 million taxpayers fail to meet the filing deadline when they had 10 months to file? Why not make this year di...
03/02/2026

Why did 1 million taxpayers fail to meet the filing deadline when they had 10 months to file? Why not make this year different? Get your return in early. It's not as expensive as you may think. Get in touch with us for a no commitment quote. You could be filed in the first month of the new tax year and avoid giving the government free penalty money. Your money.

The UK's tax authority says 27,456 people filed in the final hour before the cut-off at the end of Saturday.

HMRC makes deadline day helpline U-turn
28/01/2026

HMRC makes deadline day helpline U-turn

Self assessment helplines will now remain open on deadline day after HMRC performed a dramatic U-turn, according to the Association of Tax Technicians

Companies House fees are going up AGAIN from 1 February 2026. Most notably digital confirmation statements to £50 (pape...
21/01/2026

Companies House fees are going up AGAIN from 1 February 2026. Most notably digital confirmation statements to £50 (paper £110!) and digital incorporation to £100:

From 1 February 2026, some of our fees will be changing.

"UK Company Directors Must Verify Identity or Risk Losing Role Under New Law Starting November" While this is something ...
07/08/2025

"UK Company Directors Must Verify Identity or Risk Losing Role Under New Law Starting November"

While this is something your accountancy firm should be able to help you with, you still need to be aware of this important change. With some are deeply suspicious this is a covert, back door means to introducing digital IDs generally there appears to be no option but to do it if you are a director or PSC.

By next autumn, UK company directors and significant shareholders will face a new legal duty: prove who they are or risk losing their role. In a sweeping reform aimed at enhancing corporate transparency, Companies House will begin enforcing identity verification requirements from 18 November 2025.T....

Playing the non residential capital gains tax rate game - government wins.While the increase to the main rates of capita...
30/07/2025

Playing the non residential capital gains tax rate game - government wins.

While the increase to the main rates of capital gains tax for non-residential property announced in the last Budget were far from a surprise, the anti avoidance measure by predating their effect caught many who thought they had avoided it off guard.

Arguably the worst-kept secret in the lead up to Rachel Reeves’s inaugural Budget (and there was stiff competition) was the increase to the main rates

Changes to company size thresholds means more will be exempt from audit, expanding the non audit firm horizon by squashi...
30/07/2025

Changes to company size thresholds means more will be exempt from audit, expanding the non audit firm horizon by squashing the audit sector further.

"Legislation increasing the company size thresholds means more companies will be eligible to claim audit exemption and prepare financial statements under a less onerous reporting regime.

The previous Conservative government proposed increasing the company size thresholds in March 2024. There was, of course, a general election in the summer of 2024 and these proposals were not subsequently mentioned in the King’s Speech in July 2024, indicating that they had been moved down the list of priorities by the new Labour government.

On 14 October 2024, the Department for Business and Trade announced that it would be pressing ahead with the increase in company size thresholds and various amendments to the directors’ report. It did, however, confirm that it would not be going ahead with plans to redefine a medium-sized company (as indicated in the original proposals) as this would be included in a more holistic project that will form part of the Future of Corporate Reporting. This consultation is expected to be launched in 2025."

The UK government published The Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 (SI 2024/1303) on 9 December

No Corporation Tax MTD:"Tucked away in HMRC’s Transformation Roadmap was the news that the tax department is abandoning ...
30/07/2025

No Corporation Tax MTD:

"Tucked away in HMRC’s Transformation Roadmap was the news that the tax department is abandoning Making Tax Digital for corporation tax (MTD for CT). Instead, HMRC said that it is “developing an approach to the future administration of CT that is suited to the varying needs of the diverse CT population”."

Tucked away in HMRC’s Transformation Roadmap [1] was the news that the tax department is abandoning Making Tax Digital for corporation tax (MTD for CT).

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