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,
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
Businesses that deferred VAT payments last year have one month left to join online to pay in monthly instalments under the VAT Deferral New Payment Scheme, HM Revenue and Customs (HMRC) has
The Government is launching a fifth SEISS grant covering May 2021 to September 2021. The grant will be open to claims from late July 2021. It is taxable and will be paid out
Residents in the UK struggling with debt problems will be supported through a new debt respite scheme, “Breathing Space”, launched by the government, which gives a 60-day respite period. The Treasury estimates