Staying up to date with MTD for ITSA
In December 2022, the plans for Making Tax Digital for Income Tax Self-Assessment changed again, as the Government announced that instead, MTD ITSA would be…
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Capital Gains Tax for SMEs – Recent trends and compliance
Collections of Capital Gains Tax (CGT) reached a record £16.7 billion in the last tax year, a notable increase from the preceding year’s £14.3 billion.
An overview of the Construction Industry Scheme and what it means for your business
The Construction Industry Scheme (CIS) is a Government initiative that allows contractors in the construction industry to deduct money from a subcontractor’s payments and pass…
New HMRC service allows businesses to set up online payment plans for VAT owed
HM Revenue & Customs (HMRC) has recently confirmed that businesses that owe less than £20,000 in VAT can now set up a payment plan online.
Corporation Tax: Upcoming filing deadlines and reminder about recent amendments
Recent changes HM Revenue & Customs (HMRC) made to the rate of Corporation Tax mainly affected larger businesses in the UK.
How can you prepare for the basis period reform?
We are currently in the transition period for the basis period reform, which is set to come into full effect from the 2024/25 tax year.