Missing a tax deadline in the UK can sometimes lead to penalties that could easily have been avoided.
HMRC now uses a penalty points system for late submissions. When deadlines are missed, charges can apply and interest may also build up on any tax that remains unpaid.
Quite often, the issue isn’t complicated tax rules. It usually comes down to returns being filed late or records not being kept properly during the year.
Maintaining records in an orderly way and submitting tax returns promptly will help avoid most of the issues that normally result in fines.
At MHC & Co Chartered Accountants, we work with a wide range of clients across the UK, including small businesses, landlords and self-employed individuals who want to keep their tax affairs in order.
When you are dealing with the deadline which is soon coming and you are not fully sure what to do next then it may be reasonable to consult an accountant and check the position and provide nothing before that.
📞 0333 789 1010
📧 info@[78694].co.uk
🌐 www.mhcandco.co.uk
📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom
Speak to a Chartered Accountant today.
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Many landlords across the UK are starting to hear more about Making Tax Digital (MTD) and how it may affect the way rental income is reported.
Making Tax Digital (MTD) will require the more lucrative rentiers to maintain digital records and provide updates to HMRC on a more frequent basis than just on the traditional annual returns.
For many landlords this will mean:
• Keeping digital records of income and expenses
• Quarterly updates to HMRC
• Tracking property related costs more carefully
• Using suitable accounting software
Although April 2026 may still seem some time away, many landlords are already starting to review how their records are kept so the transition is smoother when the rules apply.
At MHC & Co Chartered Accountants, we speak with landlords from different parts of the UK who want to understand what these changes might mean in practice.
If your rental income is around or above £50,000, it may be sensible to review your current record-keeping and see whether any adjustments might be needed.
📞 0333 789 1010
📧 info@[78694].co.uk
🌐 www.mhcandco.co.uk
📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom
Speak to a Chartered Accountant today.
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Many taxi and delivery drivers across the UK are starting to receive letters from HMRC about their income.
Over time HMRC has gained greater access to information from platforms such as Uber, Bolt and Deliveroo, as well as card payments and other digital records. As a result, the figures reported through these systems are increasingly being compared with what is declared on self-assessment tax returns.
A letter from HMRC does not necessarily mean that anything is wrong. Quite often it is simply a request for clarification or confirmation of income. That said, it’s not something that should be ignored. Dealing with it early usually makes the process much simpler.
For drivers who are self-employed, keeping accurate records of platform earnings, bank payments and any cash income is important.
At MHC & Co Chartered Accountants, we regularly assist drivers throughout the UK with HMRC correspondence, self-assessment returns and reviewing reported income from ride-hailing and delivery platforms.
In case you have received a letter and do not know what to do, you may find an explanation on what to do by talking to an accountant.
📞 0333 789 1010
📧 info@[78694].co.uk
🌐 www.mhcandco.co.uk
📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom
📞 Speak to a Chartered Accountant today.
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Is your VAT setup quietly draining your profits?
Many UK businesses overpay VAT simply because their structure isn’t optimised for their industry.
Flat Rate Scheme?
Standard VAT?
Partial exemption rules?
The wrong setup could be costing you thousands every year.
At MHC & Co – Chartered Accountants, we review your VAT position, identify hidden leaks in your cash flow, and make sure you’re not paying more than necessary — while staying fully HMRC compliant.
Book your 15-minute VAT audit today.
📩 Stop overpaying. Start optimising.
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You didn’t start your business to become a part-time bookkeeper.
Late nights.
Weekend paperwork.
Worrying about tax deadlines and HMRC letters.
It doesn’t have to be that way.
At MHC & Co – Chartered Accountants, we handle your tax deadlines, compliance, payroll, VAT and company accounts — so you can focus on growing your business, not managing spreadsheets.
✔ No stress about deadlines
✔ No panic over HMRC letters
✔ More time to run your business
Let’s get your weekends back.
📩 Book your free consultation today.
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Running a small business shouldn’t mean handling everything on your own.

At MHC & Co – Chartered Accountants, we support small businesses across Bristol and the UK with clear advice, organised systems, and dependable financial support.

From self-assessment and limited company accounts to payroll, VAT and HMRC compliance, we keep your finances straightforward and stress-free — so you can focus on running your business.

One accountant. Complete support. No unnecessary complexity.

📩 Book your free consultation today.

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Does Making Tax Digital Apply to You?

If you’re a sole trader or landlord, Making Tax Digital for Income Tax could change how you deal with HMRC.

From April 2026, MTD applies if your business or rental income is over £50,000.
From April 2027, the threshold drops to £30,000.

That means digital records, quarterly updates, and approved software — not just once-a-year reporting. For many people, it’s a bigger shift than expected.

At MHC & Co Chartered Accountants, we help clients across Bristol and the UK understand what applies to them and get properly set up — without guesswork or last-minute pressure.

Book a free consultation and get clear advice on MTD.

MTD IS COMING – ARE YOU READY?
From April 2026, Making Tax Digital for Income Tax will apply to landlords and sole traders earning over £50,000.
MTD means: ✔ Digital records
✔ Quarterly updates
✔ HMRC-approved software
Sounds complicated? It doesn’t have to be.
At MHC & Co Chartered Accountants, we help clients prepare early, stay compliant, and avoid last-minute stress. We use trusted, HMRC-approved systems and provide clear, practical support every step of the way.
📍 Bristol-based | 🌍 Supporting clients across the UK
📞 Book your MTD consultation today
👉 Message us or visit www.mhcandco.co.uk

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📌 What We Do — Accounting That Keeps Your Business Compliant & Confident

At MHC & Co Chartered Accountants, we support small businesses, self-employed individuals, and landlords across Bristol and the UK.

From Self-Assessment and VAT to Making Tax Digital (MTD), year-end tax, and payroll, we make sure everything is handled accurately, on time, and in line with HMRC requirements.

With MTD for Income Tax starting in April 2026, now is the right time to get your systems and records in order. We focus on practical advice, modern digital systems, and clear communication — so you always know where you stand.

👉 Speak to a qualified accountant today and prepare with confidence.

📞 +44 333 789 1010
📧 info@[78694].co.uk
🌐 www.mhcandco.co.uk

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📊 Outsource Your Accounting — The Smart Business Move

Running a business is demanding enough — your accounting shouldn’t slow you down.
Outsourcing your accounting gives you clarity, compliance, and more time to focus on growth — while experts handle the numbers.

At MHC & Co, we support small businesses across Bristol and the UK with reliable accounting, modern systems, and practical advice. From bookkeeping and VAT to tax planning and HMRC compliance, we make accounting straightforward and stress-free.

If you’re looking for an accountant who understands small businesses and works seamlessly online, we’re here to help.

📞 +44 333 789 1010
📧 info@[78694].co.uk
🌐 www.mhcandco.co.uk

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What Are the Three Golden Rules of Accounting?

Understanding the three golden rules of accounting is essential for accurate bookkeeping and financial clarity. These rules form the foundation of the double-entry accounting system used across the UK and globally.

👤 Personal Account
Debit the receiver, Credit the giver

🏢 Real Account
Debit what comes in, Credit what goes out

📄 Nominal Account
Debit all expenses and losses, Credit all incomes and gains

Following these principles ensures transparency, compliance, and better financial decision-making for businesses of all sizes.

📞 Contact us for expert assistance

📍 United Kingdom
📞 +44 333 789 1010
📧 info@[78694].co.uk

🌐 www.mhcandco.co.uk

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CORPORATE TAX SERVICES – NOW OPEN (UK)
MHC & Co – Chartered Accountants

Running a limited company in the UK?
Avoid HMRC penalties, late filings, and compliance issues.

At MHC & Co, we provide professional Corporate Tax Services to ensure your corporation tax returns are filed accurately, compliantly, and on time.

✔ Corporation Tax Return (CT600)
✔ HMRC Compliance & Online Filing
✔ Corporate Tax Planning & Advisory
✔ Deadline & Penalty Management
✔ Confidential & Professional Service

📞 Contact us today for expert corporate tax assistance.

🌐 www.mhcandco.co.uk

📧 info@[78694].co.uk

📱 +44 333 789 1010

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