Late last month it was announced that MTD for income tax self-assessment (MTD ITSA) would be postponed (again) to April 2024. The most concerning part is that more people are likely to be aware for the delay than know about MTD itself. Hence why we have decided to highlight this in today’s blog. ....
Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned. HMRC have reportedly written to over 100,000 businesses who are currently non-compliant with the changes. Under the new rules, VAT-registered businesses with a taxable turnover above the....
As midnight hit on 31st January, most accountants rejoiced knowing their returns were all submitted on time. We were no different, immediately turning our attention to the big changes to come throughout 2021. We thought now would be the perfect time to update you on the major changes in legislation that you may need to....