Apr 1, 2022 | Business Tax
The next phase of Making Tax Digital (MTD) starts from today, requiring all VAT-registered businesses to start keeping digital records and filing their VAT returns online. The Government scheme became mandatory for VAT-registered businesses with a turnover above the...
Mar 31, 2022 | Business TaxGovernment Announcements
Small businesses are being prepared for a variety of changes which will come into effect as of 1 April 2022. Major changes are coming to the way businesses record and report tax with the switchover to Making Tax Digital. Since April 2019, businesses with a turnover...
Mar 24, 2022 | Business TaxGovernment Announcements
Chancellor Rishi Sunak delivered his Spring Statement this week, announcing a number of tax cuts to Parliament to deal with the cost of living crisis. Just after figures showed inflation was 6.2%, Sunak revealed that the payment threshold for National Insurance...
Mar 22, 2022 | Business Tax
HMRC is being urged to not change the way self-employed workers register for tax but to raise awareness of the process instead. The Government has called for evidence into taxpayers' insight on whether the current registration system should be reformed. Newly...
Mar 1, 2022 | Business Tax
The Government has launched a consultation exploring the proposal of an online sales tax (OST) to "rebalance the taxation of the retail sector between online and in-store retail". Published on 25 February 2022, the Government's proposal seeks answers on what form an...
