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…
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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…
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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…
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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…
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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…
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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 –…
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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 –…
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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…
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