Changes announced in the Autumn Statement will be keenly felt by many company directors, especially where profit extraction has traditionally relied on a strategy […]
Making Tax Digital postponed once again
Making Tax Digital for income tax (MTD ITSA) has been postponed again. It will not now be mandated for any taxpayer until April 2026.
A taste of what the HMRC app can do
HMRC’s app has been revamped in a move to push traffic online. Improved functionality lets you see, for example, your tax code, National Insurance […]
Higher tax bills for sole traders and partnerships
The procedure for assessing when trading profits are taxed is changing radically.
New VAT rules for penalty and interest
For VAT accounting periods starting on or after 1 January 2023, it’s out with the old – the default surcharge regime; and in with […]
What to do when you make a mistake on a VAT return
The basic divide is between errors that need to be reported to HMRC in their own right, and errors that can simply be corrected […]
Autumn Statement see-saw for Research and Development tax relief
Tax relief for Research and Development (R&D) expenditure changes from 1 April 2023.
Where are we with Venture capital tax relief?
It’s all about providing early stage finance to new, higher-risk companies, and rewarding individual investors with generous tax relief for doing so.
