Making Tax Digital (MTD) is designed to simplify the tax process for business owners.
The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.
The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.
Recent statistics reveal a significant increase in the amount of annual pension tax relief, exceeding £50 billion for the first time.
Inheritance Tax (IHT) can be a sensitive and uncertain topic when discussing with loved ones, but it is something that cannot and should not be avoided.
As we approach the 31 January 2024 tax return deadline, it’s crucial for sole traders, to be well-prepared and aware of your obligations.
In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.
We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.
HM Revenue and Customs (HMRC) recently reported a record-breaking increase in Corporation Tax receipts for the 2022/23 tax year.
In December 2022, the plans for Making Tax Digital for Income Tax Self-Assessment changed again, as the Government announced that instead, MTD ITSA would be introduced in mandatory phases from 6 April 2026, as opposed to 2024.