Daniel Scott, Author at Daykin Scott

March 31, 2026

Published by Daniel Scott on March 31, 2026

Categories

Tax Services

MTD for landlords: rental income and practical record keeping

As part of its ongoing efforts to modernise the UK tax system, HM Revenue & Customs (HMRC) is rolling out Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This initiative aims to streamline tax reporting, reduce errors, and encourage the use of digital record-keeping.

March 19, 2026

Published by Daniel Scott on March 19, 2026

Categories

Tax Services

MTD software: what you actually need (and how to choose without overpaying)

As part of its ongoing efforts to modernise the UK tax system, HM Revenue & Customs (HMRC) is rolling out Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This initiative aims to streamline tax reporting, reduce errors, and encourage the use of digital record-keeping.

March 6, 2026

Published by Daniel Scott on March 6, 2026

Categories

Tax Services

MTD for Income Tax digital records: what you actually need to keep

As part of its ongoing efforts to modernise the UK tax system, HM Revenue & Customs (HMRC) is rolling out Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This initiative aims to streamline tax reporting, reduce errors, and encourage the use of digital record-keeping.

February 24, 2026

Published by Daniel Scott on February 24, 2026

Categories

Tax Services

MTD for Income Tax deadlines: quarterly updates explained

As part of its ongoing efforts to modernise the UK tax system, HM Revenue & Customs (HMRC) is rolling out Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This initiative aims to streamline tax reporting, reduce errors, and encourage the use of digital record-keeping.

February 17, 2026

Published by Daniel Scott on February 17, 2026

Categories

Tax Services

MTD for Income Tax: qualifying income explained (and how to check if you’re in scope)

As part of its ongoing efforts to modernise the UK tax system, HM Revenue & Customs (HMRC) is rolling out Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This initiative aims to streamline tax reporting, reduce errors, and encourage the use of digital record-keeping.

February 11, 2026

Published by Daniel Scott on February 11, 2026

Categories

Tax Services

Making Tax Digital for Income Tax is coming in April 2026: our 10 part series to get you ready

As part of its ongoing efforts to modernise the UK tax system, HM Revenue & Customs (HMRC) is rolling out Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This initiative aims to streamline tax reporting, reduce errors, and encourage the use of digital record-keeping.

July 29, 2025

Published by Daniel Scott on July 29, 2025

Categories

Understanding Penalties for Late Self-Assessment Submissions and Payments

Self-Assessment tax returns can feel like a chore, but missing the submission or payment deadlines can lead to penalties that could have been easily avoided. To help you stay informed and avoid unnecessary costs, here is a breakdown of the penalties HMRC imposes for late submissions and payments for Self-Assessment.

January 13, 2025

Published by Daniel Scott on January 13, 2025

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Navigating Rising Business Costs in Sutton Coldfield and the West Midlands: Strategies for SMEs

Small and medium-sized enterprises (SMEs) in Sutton Coldfield and the West Midlands are currently facing significant challenges due to escalating operational costs. Factors such as increased energy prices, higher wages, and supply chain disruptions are exerting pressure on local businesses, leading to concerns about sustainability and profitability.

December 1, 2024

Published by Daniel Scott on December 1, 2024

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Mastering UK GAAP Compliance: A Guide for SMEs

Compliance with the UK's Generally Accepted Accounting Practice (UK GAAP) is essential for small and medium-sized enterprises (SMEs). Beyond fulfilling legal obligations, adhering to these standards enhances financial transparency, boosts stakeholder confidence, and supports long-term growth. At Daykin Scott Accountants, we specialise in helping SMEs navigate the complexities of UK GAAP. This guide will explore the key requirements, challenges, and how your business can achieve compliance with ease.