Making Tax Digital (MTD) Now Mandatory

Making Tax Digital (MTD) Now Mandatory

Making Tax Digital became mandatory for all VAT registered businesses on the 1 April 2022. The government states that MTD helps taxpayers get their tax returns right by reducing common mistakes as well as saving time managing their tax affairs and is a key part of the...
Spring Statement 2022

Spring Statement 2022

The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022. In this post we outline the key measures affecting our clients. National Insurance Contributions (NICs) Despite lobbying to delay the upcoming 1.25% increase in...
Fraudsters Seek to Attack Personal Tax Accounts

Fraudsters Seek to Attack Personal Tax Accounts

HMRC is warning individuals not to share their personal information online to avoid their identities being used by fraudsters to claim bogus Self-Assessment tax refunds. HMRC is aware that criminals are attempting to obtain customers’ Government Gateway logins and...
Making Tax Digital (MTD) Now Mandatory

Making Tax Digital (MTD) for VAT

One month until Making Tax Digital (MTD) for VAT becomes law! Making Tax Digital for VAT becomes mandatory for all VAT registered businesses from 1 April 2022. From 1 April 2022, all VAT registered businesses must file digitally through Making Tax Digital, regardless...
Tax Planning: Enterprise Investment Scheme

Tax Planning: Enterprise Investment Scheme

If your tax payment due on 31 January is more than you expected there is still time to reduce the liability if you are prepared to take a risk. An HMRC tax planning opportunity is to invest in a company that qualifies under the Enterprise Investment Scheme (EIS) or...
New Year, New Opportunities

New Year, New Opportunities

In his Spring 2021 Budget the Chancellor announced that there would be 8 “Freeports” in England with generous tax breaks to encourage businesses to set up and invest in those areas. The devolved governments will also be announcing locations in Scotland, Wales and...

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