The Chancellor’s Mansion House Speech July 2022

The Chancellor’s Mansion House Speech July 2022

Nadim Zahawi, delivered the Chancellor’s Mansion House speech last night, speaking of the global fight against inflation, the need for private sector growth and the critical role of financial services.

Making Tax Digital for Income Tax Self-Assessment

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.