HMRC delays Making Tax Digital for ITSA

HMRC delays Making Tax Digital for ITSA

Although the government has delayed its plans for the introduction of Making Tax Digital for ITSA (Income Tax Self-Assessment), Bates Weston urges self employed and landlords to make the move to digital record keeping sooner rather than later.

Health and Social Care Levy

Health and Social Care Levy

A summary of the PM’s statement on Health and Social Care, the introduction of the 1.25% Health and Social Care Levy from April 2022 and the lifetime cap on care costs of £86k from Oct 2023.

Residential Property Developers Tax (RPDT)

Residential Property Developers Tax (RPDT)

The government’s consultation on a potential new tax, Residential Property Developers Tax (RPDT) closed last month. RPDT if enacted, will tax profits made from residential property developments from April 2022.