Making Tax Digital for Income Tax Self Assessent update: The UK Government has announced that MTD ITSA has been delayed again (was due to come into play 6 April 2024), is now mandated to start from April 2026
Continue readingUpdated Advisory Fuel Rates (AFR) from HMRC
Changes have been made by HMRC to the advisory fuel rates (AFRs) for all journeys on or after 1 December 2022 for company car drivers claiming back fuel costs from their employer
Continue readingJeremy Hunt’s Autumn Statement Deconstructed
UK Chancellor, Jeremy Hunt has delivered his Autumn Statement and stated UK “is now in recession”. The Treasury’s intention is to bring stability, protect growth in the economy and to continue to support public services.
Continue readingJeremy Hunt’s Budget U Turn Update
Liz Truss’ economic agenda has been deconstructed by new chancellor Jeremy Hunt in a bid to bring stability to the financial markets following the market’s reaction caused by the Mini-Budget. Here is our outline of the current position
Continue readingThe Benefits of Getting your Tax Return in Early
When it comes to the dreaded 31 January deadline, the majority of people wait until the last minute to file their annual tax returns. Whilst the likelihood is that most people will meet the deadline, there are a number of reasons why it would have been better for them to have completed an early tax return.
Continue reading5 Reasons Why You Should Attend a Business or Marketing Conference
It is easy to be reluctant in finding the time to attend a business or marketing conference in person. Running your business takes up time and booking out a day, especially in today’s world dominated by the internet and digital learning, is a hard ask. Discover here why you should find that time and book that conference…
Continue readingLaunching October: Variable direct debit for your PAYE and national insurance liabilities
Functionality to allow employers to set up a recurring direct debit to pay PAYE and national insurance liabilities will launch early in October. HMRC have announced that a variable payment plan for PAYE and NIC liabilities will be available. The existing system allows only a single payment to be made by direct debit.
Continue reading2022 Mini Budget Update: Our Summary
The strong theme of the new Chancellor, Kwasi Kwarteng’s first budget has been the stimulation of growth. The mini-budget 2022 (not so mini) is designed to boost economic growth through tax cuts, which will be paid for by increasing the UK’s national debt.
UPDATE 3 October: *since the mini budget on Friday 23rd September, the government have made a U turn on abolishing the 45% high rate of income tax
Continue readingNew UK PM Liz Truss: new policies and what they mean for business and for you
Liz Truss has beaten former chancellor Rishi Sunak in a ballot of Conservative members and will replace Boris Johnson as Conservative Party leader and PM tomorrow. Take a look at proposed policies and what they mean for business and for you
Continue readingMTD VAT Final Call
From 1 November 2022 businesses and agents will only be able to file VAT returns using MTD compatible software – HMRC’s online VAT return will close. The online VAT return will only remain available to those with a digital exclusion exemption. MTD VAT is just around the corner, this is the final call
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