Paying Tax as You Earn It: The Proposal that Could Reshape Self Assessment

More frequent payments of Self Assessment tax liabilities: HMRC consultation | Randall & Payne

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The MTD payment promise: Is it about to change?

When Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) was first introduced, HMRC was clear that the new tax recording and reporting regime would not change when payments fell due. Sole traders and landlords were reassured that their payment dates would stay exactly as they were – either once a year or twice a year through payments on account (POA). However, a new consultation published as part of Tax Update 2026 suggests that thi…

Paying tax as you earn it: The proposal that could reshape Self Assessment | Accountants Bury St Edmunds, Ipswich & Thetford

Anyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it lands the following January. While Making Tax Digital (MTD) for Income Tax hasn’t changed when… The post Paying tax as you earn it: The proposal that could reshape Self Assessment appeared first on Accountants Bury St Edmunds, Ipswich & Thetford - Knights Lowe.

Paying tax as you earn it: The proposal that could reshape Self Assessment

Anyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it lands the following January. While Making Tax Digital (MTD) for Income Tax hasn’t changed when and how tax is paid, that could soon change under a new Government proposal. Published in the latest HMRC Tax Update 2026, the new system would look at introducing a new monthly payment system for tax that could eventually…

Self-employed tax payments could come earlier under new government plans

Self-employed workers could soon pay tax more often. Here's what the new HMRC consultation proposes, and how to have your say.