Apr 8, 2022 | Business TaxPersonal Tax
More than 142,000 people have used the tax catchup 'time to pay' scheme (TTP) with HMRC to spread the cost of their self-assessment tax bill since April 2021. The deadline for self-assessment tax returns and tax payments for 2020/2021 was 31 January, but this year...
Apr 4, 2022 | Business Tax
In light of the capital allowances review announced in the Spring Statement, the Association of Taxation Technicians (ATT) is calling for all businesses of all sizes to be supported. With the upcoming end to the corporation tax super deduction in March 2023, the...
Apr 1, 2022 | Business Tax
The next phase of Making Tax Digital (MTD) starts from today, requiring all VAT-registered businesses to start keeping digital records and filing their VAT returns online. The Government scheme became mandatory for VAT-registered businesses with a turnover above the...
Mar 31, 2022 | Business TaxGovernment Announcements
Small businesses are being prepared for a variety of changes which will come into effect as of 1 April 2022. Major changes are coming to the way businesses record and report tax with the switchover to Making Tax Digital. Since April 2019, businesses with a turnover...
Mar 24, 2022 | Business TaxGovernment Announcements
Chancellor Rishi Sunak delivered his Spring Statement this week, announcing a number of tax cuts to Parliament to deal with the cost of living crisis. Just after figures showed inflation was 6.2%, Sunak revealed that the payment threshold for National Insurance...
