Year End Tax Planning Guide 2023
As the self-assessment tax filing deadline has passed, it’s now time to check your plans are tax efficient for the tax year ending 5 April 2023.
Energy Bills Discount Scheme
A summary of the Energy Bills Discount Scheme, the less generous replacement for the Energy Bill Relief Scheme from April 2023.
Mini Budget 23 September 2022
The Chancellor has announced the Government’s growth plan and the tax measures that are included within it, in his mini budget. Here are the headlines.
Embracing Making Tax Digital
How keen is the UK, in general, to embrace HMRC’s Making Tax Digital (MTD) initiative? Are we lagging behind other countries in adopting a digital system and have we gone far enough to digitise all business processes, rather than just the integration with the tax system?
What can we do to help as inflation soars?
How can we help you to mitigate the impact of inflationary pressures and protect margins? By bringing both revenues and expenses sharply into focus.
Making Tax Digital for Income Tax Self-Assessment
HMRC has widened the pilot and simplified the quarterly requirements of Making Tax Digital for Income Tax Self-Assessment or MTD for ITSA for taxpayers with gross income from self-employment between £10,000 and the £85,000 VAT threshold, but many are concerned that the trial is too limited, the timescale too tight and the detail too brief to mean taxpayers will be ready for the April 2024 deadline.