On 27th October, Rishi Sunak announced the Autumn Budget 2021. Due to the scale of the economic damage, whilst Sunak acknowledged that the pandemic isn’t over, he said the Autumn Budget would be
On 27th October, Rishi Sunak announced the Autumn Budget 2021. Due to the scale of the economic damage, whilst Sunak acknowledged that the pandemic isn’t over, he said the Autumn Budget would be
The prime minister announced on 9th Sept 2021 a 1.25% Dividend Tax rise from 6 April 2022, and a rise in National Insurance Contributions (NICs) by way of a new Health and Social
An increase of 1.25% in National Insurance Contributions from 6 April 2022 has been outlined in ‘Building Back Better: Our Plan for Health and Social Care’ . The National Insurance Contributions rise
Making Tax Digital ITSA (Income Tax Self Assessment) mandation has been delayed again until April 2024. HMRC is nudging taxpayers again with letters about discrepancies between PAYE and benefits reported under RTI,
Basis Period Reform There are proposed changes to the basis period for Making Tax Digital rules that under discussion currently, which could result in some self-employed businesses being mandated into Making Tax Digital
Quarterly Submissions: How it Works From 6 April 2023, all unincorporated businesses and individual landlords are due to enter the Making Tax Digital for income tax (MTD ITSA). This start date for everyone
The fifth SEISS grant for Self-employed taxpayers is now open for applications , but you may need to provide two different turnover figures from your business as part of your application. The
In the Budget 2021, the Chancellor announced a temporary extension to the carry back of trading losses from one year to 3 years, for losses up to £2,000,000 for accounting periods ending
Of the scams listed, the majority were tax rebate or refund scams which rose by 90% from 363,118 and 690,522 Reports of HMRC branded phishing scams have jumped from 572,029 to 1,069,522 in
Since April, almost 800,000 employees across all professions who have been working from home during the pandemic, have already claimed tax relief working from home on household related costs, HM Revenue and Customs