Finance Bill clause 258 powers
April 15, 2026
Recent regulatory changes
- Income Tax (Digital Obligations) Regulations 2026 laid 24 March 2026 — the final framework. In force from 1 April 2026.
- NINO test date moved from 31 January to 5 April before the tax year (narrows automatic exemption).
- Final Declaration filing route confirmed digital-only (Spring Statement 2025).
- EOPS removed from the final regulations.
- PoA exemption narrowed — only applies where donor cannot themselves supply financial information.
- April 2028 threshold of £20,000 legislated at Spring Statement 2025.
- Late-payment penalty rates rising to 4%/4%/10% from 1 April 2027 for both VAT and ITSA.
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