Category: National

Tax Changes for Self Employed or Landlords

Changes in tax regulations will lead to increased prices next week, affecting sole traders and landlords earning over £50,000. Starting April 2026, they’ll be required to maintain digital records and submit updates to HMRC quarterly, totaling five submissions per year under the Making Tax Digital scheme.

Data Breach Affects Major Bank Customers

A major data breach last Thursday, had thousands of customers of major banks seeing transactions on their apps which didn’t belong to them! Angry customers of Lloyds Banking Group reported the error on Thursday morning last week which affected Bank of Scotland, Lloyds and Halifax apps. The bank said the issue was investigated and resolved […]

World Cup Bank Holiday Approved

King Charles has approved an additional bank holiday for Scotland in 2026. A special bank holiday will take place on Monday 15th June 2026, for one day only to mark Scotland’s footballing return to the World Cup after 28 years. However, the bank holiday will be discretionary for employers and councils and schools will have […]

Digital Overhaul for Taxpayers

Starting April 2027, self-employed individuals and rental income earners with over £50,000 in gross income will need to comply with Making Tax Digital rules, requiring digital record-keeping and quarterly submissions to HMRC. The threshold for this requirement will decrease to £30,000 in 2028, then £20,000 thereafter.