The Basis Period Reform comes into effect in the new tax year (from 6 April 2024), with the 2023/2024 tax year being a ‘transitional year’. This means that you may…
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Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is set to take a staged approach, coming into effect from April 2026 for those earning over £50,000 and…
On Wednesday (22nd November 2023) the Chancellor of the Exchequer Jeremy Hunt delivered what could very well be the final budget ahead of the next General Election—but what does it…
All VAT-registered businesses are now required to maintain their accounting records and submit VAT returns digitally using specific Making Tax Digital (MTD) approved software, with plans for this to be…
Shopify is one of the most popular and user-friendly ecommerce platforms on the market. It offers an exciting gateway for so many companies – including those that sell their own…
Making Tax Digital (MTD) now applies to all VAT-registered businesses in the UK, no matter what their annual turnover. This means that you need to keep digital accounting records and…
Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) – the requirement for the likes of landlords and the self-employed to manage their accounts digitally via government-approved software –…
As the deadline nears, time is running out to complete your Self Assessment. So if you’re tackling it yourself this year and haven’t submitted it yet, our advice is –…
The way in which penalties and interest are applied for late payment and submission of VAT returns is changing from 1st January 2023, which will affect anyone submitting a VAT…
Here’s a round-up of everything you may need to know Tax-Wise for this winter period and looking further into 2023. To say there’s been turbulence would be an understatement, but…
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