Mar 29, 2023 | Government AnnouncementsPersonal Tax
HMRC is notifying self-assessment taxpayers that they will no longer receive paper returns automatically. Almost 97% of self-assessment customers filed their returns online for the 2023/24 tax year, with just 135,000 people choosing to submit paper returns. In a...
Mar 20, 2023 | Government AnnouncementsPersonal Tax
The Making Tax Digital for income tax self-assessment (MTD for ITSA) delay will cost the Treasury £1.75 billion, according to figures from the Spring Budget. The estimates are based on HMRC's calculations of how digital reporting can minimise human error and increase...
Mar 17, 2023 | Government AnnouncementsPersonal Tax
People investing and trading in cryptocurrencies will soon have to declare any income in their self-assessment tax returns. The new Government guidance will introduce these changes from the 2024/25 tax year onwards, bringing greater scrutiny to the reporting of all...
Mar 16, 2023 | Government Announcements
The Government has extended the energy price guarantee by a further three months, providing more support for households struggling with soaring energy bills. The energy price guarantee caps the average household bill at £2,500 a year. This limit was due to increase to...
Mar 15, 2023 | Government Announcements
Jeremy Hunt's spring Budget saw a variety of reactions from across the UK business community. On the extension of the energy support scheme, Sarah Olney, Lib Dem spokesperson said: "In three months' time, families will once again be facing a cliff edge of unaffordable...
