Dec 20, 2022 | Government Announcements
The Treasury has confirmed that Making Tax Digital for income tax self-assessment (MTD for ITSA) will be delayed a further two years until April 2026. According to First Secretary to the Treasury Victoria Atkins, this phased approach will give businesses more time to...
Dec 19, 2022 | Government Announcements
The help to grow: digital scheme is being scrapped following a lower uptake than expected, according to the department for business, energy and industrial strategy (BEIS). Businesses with fewer than 250 employees now have less than two months to apply for the scheme...
Dec 14, 2022 | Government Announcements
HMRC is encouraging taxpayers who file self-assessment returns to submit them before Christmas, giving them plenty of time before the deadline on 31 January 2023. Self-assessment customers who miss the deadline risk incurring late payment penalties. However, those who...
Dec 12, 2022 | Government AnnouncementsVAT
HMRC is introducing a new VAT penalty regime from 1 January 2023, replacing the current default surcharge with a fixed rate, points based system for late VAT submissions and payments. The changes will affect businesses submitting VAT returns for accounting periods...
Dec 9, 2022 | Government Announcements
Chancellor of the Exchequer Jeremy Hunt is setting out a major review of banking rules, in what the Government describes as the biggest overhaul of financial regulation in more than 30 years. According to the Government, the package of over 30 reforms will "cut red...
